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The imported sorghum market price is trending strongly.
On March 31, the market price of imported sorghum showed a strong upward bias, with limited arrivals at the ports. Spot supply remained tight. Downstream demand showed a slight improvement, and liquor-brewing enterprises purchased sorghum cautiously, mainly to use up existing inventory. Feed enterprises had a pressing need to replenish stock, and it is expected that in the near term, the market price of imported sorghum will continue to run with a strong bias to the upside. The market quotes for imported barley remained steady but with a slightly stronger trend. Supply was intermittently tight in stages, while arrivals in the forward period were slow. Downstream malt producers and liquor-brewing enterprises did not make large-scale purchases for now. Feed enterprises saw a slight rebound in trading activity, with most market participants paying close attention to the port arrival schedule. It is expected that in the near term, the market price of imported barley will move upward. (My Steel Net)