Clear Weather Boosts Drying Conditions as Millet Supply Gradually Increases

In Dalian, high moisture levels in newly harvested millet are currently limiting supply, as farmers hold back stock until the grains dry adequately. However, with clear weather expected to continue until the end of October, conditions are improving for drying and gradual increases in market circulation.

Market Impact of High Moisture and Declining Demand

With millet entering the digestion stage, demand has slightly declined, especially from rice mills, leading to a reduction in overall grain usage. This lowered demand has also reduced the enthusiasm for replenishment, with some rice mills scaling back orders. However, as moisture levels decrease, millet is expected to enter the supply chain more steadily, which may lead to a decline in acquisition costs for stock.

Farmer Reluctance and Price Stability

Despite the increased supply circulation, farmers are generally reluctant to sell, which is providing some price support in the market. As the moisture levels drop and supply availability rises, prices may experience slight stabilization or even softening in the short term, depending on how much stock enters circulation.

Outlook: Market Stabilization Expected with Lower Moisture Levels

As drying conditions improve, the Dalian millet market is expected to see a more robust supply. While demand remains slightly subdued, prices are likely to hold steady or soften slightly, depending on the rate of market circulation and farmer willingness to sell.

Current Market Price in FOB China for Chinese Hulled Millet





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