Millet Prices Expected to Drop Slightly Next Week

As we look ahead, new millet prices are forecasted to continue their decline into next week, although at a slower pace. The improved weather conditions in key producing areas are contributing positively to the harvest and drying process, leading to an increase in the availability of low-moisture millet.

Supply Outpaces Demand

While there is some downstream demand for millet, it remains lower than the growing supply. This imbalance between supply and demand is expected to put further pressure on prices, causing a slight drop in the coming days.

Harvest Conditions Improving

The clearing weather in millet-producing regions is expected to facilitate better harvesting conditions, resulting in more new season millet becoming available. This could provide a temporary buffer for the market, but prices are still predicted to edge downward as supply continues to outstrip demand.

Current Market Price in FOB China for Chinese Hulled Millet

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