Millet Prices, News, Chart, Index and Historical Data
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
A millet is a group of small-seeded grasses that are cultivated primarily for their grain, which is used for food and animal feed. It is a staple crop in many regions, particularly in Africa and Asia, where it thrives in arid and semi-arid climates due to its drought-resistant properties. Millet is known for its short growing season and ability to flourish in poor soil conditions, making it a valuable crop in areas with limited agricultural resources. There are several types of millet, including pearl, foxtail, finger, and proso millet, each with unique characteristics.
Nutritionally, millet is rich in fiber, protein, vitamins (particularly B vitamins), and essential minerals like magnesium, phosphorus, and iron. It is also gluten-free, making it an ideal grain for individuals with celiac disease or gluten intolerance. Its high antioxidant content and low glycemic index make it beneficial for heart health and blood sugar control. Millet is versatile in cooking and can be used in porridge, bread, salads, and even fermented beverages, contributing to its increasing popularity in health-conscious diets globally.
Millet Industry Analysis
The global millet market is experiencing substantial growth driven by the increasing consumer awareness of the nutritional benefits of millet, which is rich in fiber, protein, vitamins, and minerals, making it a popular choice among health-conscious consumers and those seeking alternatives to traditional grains. Concurrently, the rising demand for gluten-free products is another major factor, as millet is naturally gluten-free and caters to the growing population of individuals with celiac disease or gluten sensitivity, thus strengthening the market growth.
Additionally, the shift towards sustainable and climate-resilient crops has positioned millet as a favorable choice due to its ability to thrive in arid and semi-arid regions, requiring less water and input than other cereals like wheat and rice, supporting the market growth. Moreover, this sustainability aspect is increasingly aligning with global agricultural policies and consumer preferences for eco-friendly products, thereby contributing to the market expansion. Besides this, millet’s versatility in various culinary applications, including porridges, snacks, and alcoholic beverages, is bolstering the market appeal.
Furthermore, a rising demand for ancient grains, as millet is considered a traditional crop with a long history of cultivation, and consumers are increasingly attracted to foods with culture, thereby aiding the market demand. Apart from this, the growing use of millet in the production of functional foods and nutraceuticals, due to its high antioxidant and anti-inflammatory properties, is propelling the market forward.
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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