Product
Millets Price Trend and Forecast
Millets Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of Millets in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the First Half of 2022
Asia
The price trends for millets varied significantly across the prominent markets in the Asia-Pacific region. South Korea had the highest price in May 2022 averaging 681 USD/MT.
North America
The price of millet in May 2022 was 602USD/MT registering a rise of 4.6% from the previous month. However, the export price overall showed a slight decline. The export price reached its peak in January 2022 at 644 USD/MT and did not recover from February to May 2022.
Latin America
Guatemala recorded one of the lowest prices for exports of millet averaging 370 USD/MT during the said period.
Procurement Resource provides latest prices of Millets. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Millets refers to a group of highly diverse small-seeded grasses. They are widely grown as cereal crops or grains for fodder and human food across the world. The crop is favoured because of its productivity and short growing season under dry, high-temperature conditions. Pearl millet is the most widely grown millet, while, finger millet, proso millet, and foxtail millet are other significant crop species. India is the leading Millet producing country in the world.
Product Details
| Report Features | Details |
| Product Name | Millets |
| Industrial Uses | Alcohol Beverage, Food, Fodder |
| Supplier Database | Cargill India (Cargill, Incorporated), Bayer AG, Mahyco (Maharashtra Hybrid Seeds Company Limited), Alta Seeds (Advanta Seeds US), Allied Seed, LLC, Eastern Colorado Seeds, LLC (ECS) |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Process
- Production of Millets via Cultivation
Millets are typically grown as mixed crops in regions of low rainfall. Millets become mature in short duration, taking about 3-4 months from sowing to harvesting.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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