Dalian – Feedback from market participants indicates that Inner Mongolia's new grain harvest is underway, with Liaoning production areas expected to complete their millet harvest by the end of September. As the supply of grain increases, market circulation is expected to rise, potentially leading to short-term price declines. Market watchers should also monitor rainfall conditions in the producing areas, as this could impact crop quality.

Millet Demand Reaches Peak Season

As millet enters its peak demand season, rice factories are seeing improvements in demand. However, millet price changes during this stage will largely depend on fluctuations in the price of original grain. As more grain enters the market and grain prices potentially retrace, there is a possibility that new rice prices may experience a downturn in the middle to late stages of the season.

Key Factors to Watch

• Grain Supply Growth: Increased shipments from farmers and more grain entering the market could drive prices down in the short term.
• Weather Impact: Rainfall in production areas may affect crop quality and, in turn, influence pricing trends.
• Millet Pricing: Closely tied to the rise and fall of original grain prices, millet's market outlook will depend on how these prices evolve throughout the season.

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