The imported sorghum market price remains firm, mainly driven by transportation.

On March 30, the imported sorghum market saw steady price support as transportation with incoming goods was the main driver. Port spot availability was tight, arrival schedules slowed down, traders were more willing to hold firm on prices, and liquor-brewing enterprises were cautious in purchasing sorghum. Feed enterprises mainly replenished inventories based on just-needed demand. With limited market throughput, the imported sorghum market price is expected to remain firmer in the near term.

The imported barley market price quotes were mainly driven by price performance. Domestic old grain stocks were being consumed, and supply was intermittently tight. With operating rates improving, demand from deep-processing barley industries was released to some extent, and overall deal activity showed a slight rebound. Market participants generally paid close attention to the progress of shipments to port, and the imported barley market price is expected to trade within a narrow range with a mildly stronger bias in the near term. (My Steel Net)