Cereals; Millet Price in India - 2022
Contents:
Cereals; Millet Price in India (FOB) - 2022
The average cereals; millet export price stood at $50 per ton in 2022, which is down by -37.7% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The pace of growth was the most pronounced in 2013 an increase of 43%. As a result, the export price reached the peak level of $414 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($269 per ton), while the average price for exports to Nepal ($26 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (-2.2%), while the prices for the other major destinations experienced a decline.
Cereals; Millet Exports in India
For the third consecutive year, India recorded decline in overseas shipments of cereals; millets, which decreased by -81.5% to 104 tons in 2022. In general, exports faced a dramatic curtailment. The smallest decline of -49.8% was in 2020.
In value terms, cereals; millet exports declined significantly to $5.2K in 2022. Overall, exports showed a sharp shrinkage. The smallest decline of -66.1% was in 2021.
| Export of Cereals; Millet in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 86.9 | 30.7 | 10.8 | 1.3 | -75.4% |
| Yemen | 86.8 | 29.0 | 9.7 | 1.1 | -76.7% |
| Nepal | 52.2 | 18.3 | 6.4 | 0.8 | -75.2% |
| Saudi Arabia | 28.9 | 9.2 | 2.9 | 0.3 | -78.2% |
| United Arab Emirates | 30.8 | 9.6 | 3.0 | 0.3 | -78.6% |
| Namibia | 18.6 | 6.6 | 2.3 | 0.3 | -74.7% |
| Italy | 16.6 | 5.9 | 2.1 | 0.2 | -77.1% |
| Others | 73.5 | 24.4 | 8.1 | 0.9 | -77.0% |
| Total | 394 | 134 | 45.4 | 5.2 | -76.4% |
Top Export Markets for Cereals; Millet from India in 2022:
- Nepal (28.9 tons)
- Yemen (22.9 tons)
- Pakistan (17.2 tons)
- United Arab Emirates (7.3 tons)
- Namibia (5.9 tons)
- Saudi Arabia (4.8 tons)
- Italy (3.7 tons)
1823
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In July 2023, the price of Millet stabilized at $370 per ton (FOB, India), remaining at the same level as the previous month.
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