Chinese Millet Market: Short-Term Price Forecast

The Chinese millet market shows signs of stabilizing, as rice mills begin to resist rising raw grain costs. From an inventory perspective, stock-building may be reaching its limit. This trend suggests that grain prices may plateau or even experience a slight decline in the short term, though fluctuations remain possible.

Inventory Dynamics and Demand Shifts

As the supply chain reaches a phase of digestion, rice mills are slowing down their buying pace, which could reduce the price support from the demand side. If grain prices remain stable, this may provide moderate support for millet prices. However, any increase in raw grain costs may still impact millet pricing, so monitoring these cost trends is essential.

Current Market Price in FOB China for Chinese hulled millet

Conclusion: Market Monitoring Recommended

Demand shifts and stable raw grain prices may lead to moderate millet price movements. Market participants should monitor raw grain costs closely, as stability could support prices, while unexpected increases may push them higher.





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