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).

Millets Price Trend for the Second Half of 2022

Though India is the largest producer of millets in the world, its production and availability are still limited as the high-yielding varieties of wheat and rice are widely promoted, thereby hindering the expansion of millets production. Owing to this millets are generally cultivated in marginal lands and rain-fed regions. This mismatch limits the availability of millets to other regions.

With a major chunk of the population shifting to millets as their daily staple, the prices of millets increased during the said period. The prices of foxtail millets averaged 85 Rs/kg whereas that of barnyard millets averaged around 90 Rs/kg. While the little and brown top millets averaged 110 Rs/kg.

These high prices were due to the fall in market supply which was deeply impacted by the severe weather conditions. The limited production of millets suffered due to heavy and unseasonal rainfall. Hence, the price trends for millets kept on a higher trajectory in the said period.

Analyst Insight

According to the Procurement Resource, the millet market size is expected to grow in the coming years. The UN General Assembly declaring 2023 as the International Year of Millets and increased consumer demand, will likely influence the production and prices of millets.

Millets Price Trend For the First Half of 2022


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.

Please Login or Subscribe to explore our dashboard.


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.


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).

Table Of Contents

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.


Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.