Millet Price in China

 

  • China: 1182 USD/MT

 

In China, millet prices for Q4 of 2023 reached 1182 USD/MT.     

The latest report by IMARC Group, titled "Millet Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of millet prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

 

Report Offering:

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The study delves into the factors affecting millet price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

Request For a Sample Copy of the Report: https://www.imarcgroup.com/millet-pricing-report/requestsample

Millet Price Trend- Last Quarter

Millet refers to a group of small-seeded grasses that are cultivated as cereal crops, primarily for human consumption and animal fodder. Known for its adaptability to various climatic conditions, millet is considered a drought-resistant grain, thriving in regions with low rainfall and poor soil quality. There are several types of millet, including pearl millet, finger millet, foxtail millet, and proso millet, each varying in nutrient content and culinary uses. Rich in essential nutrients, millet is an excellent source of protein, fiber, vitamins, and minerals such as magnesium, phosphorus, and iron.

This grain is naturally gluten-free, making it an appealing choice for individuals with gluten sensitivities or celiac disease. Millet has been a staple food in many parts of Africa and Asia for thousands of years and is gaining popularity in Western countries due to its health benefits and versatility. The grain can be cooked as a whole, ground into flour for baking, or used in salads and porridge. Millet's unique nutty flavor and chewy texture enhance a wide variety of dishes, making it an attractive option for health-conscious consumers and culinary enthusiasts alike.

Millet Industry Analysis

The millet market is experiencing significant growth, driven by various factors that reflect changing consumer preferences and agricultural practices. One of the primary drivers is the increasing awareness of health and nutrition among consumers. As more people seek alternative grains that offer health benefits, millet’s rich nutritional profile and gluten-free nature position it as a viable option. The rise in demand for plant-based diets and clean eating has further propelled millet’s popularity, as it is often incorporated into health food products, snacks, and gluten-free alternatives.

Moreover, the global push towards sustainable agriculture is boosting the millet market. As millet is drought-resistant and requires less water compared to other staple crops, its cultivation aligns with environmentally friendly practices and the growing emphasis on sustainable food sources. Additionally, government initiatives and programs promoting the cultivation of traditional and ancient grains are enhancing millet’s market potential. These efforts not only support local farmers but also aim to diversify agricultural production and reduce dependency on major cereals like wheat and rice.

Furthermore, the growing export market for millet, particularly from regions like India and Africa, is contributing to the grain's global recognition and acceptance. Overall, the millet market is poised for growth, driven by health-conscious consumers, sustainable agricultural practices, and a diversified product range.

 

Regional Price Analysis:

  • Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
  • Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

 

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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