Price for Cereals; Millet, Other than Seed in France - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in France (FOB) - 2023
- Price for Cereals; Millet, Other than Seed in France (CIF) - 2023
- Exports of Cereals; Millet, Other than Seed in France
- Imports of Cereals; Millet, Other than Seed in France
Price for Cereals; Millet, Other than Seed in France (FOB) - 2023
The average export price for cereals; millet, other than seeds stood at $429 per ton in October 2023, reducing by -27% against the previous month. In general, the export price recorded a noticeable reduction. The most prominent rate of growth was recorded in July 2023 an increase of 21% m-o-m. Over the period under review, the average export prices attained the maximum at $783 per ton in August 2023; however, from September 2023 to October 2023, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In October 2023, the country with the highest price was Switzerland ($503 per ton), while the average price for exports to the UK amounted to $421 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in France (CIF) - 2023
In October 2023, the average import price for cereals; millet, other than seeds amounted to $1,464 per ton, surging by 32% against the previous month. Overall, import price indicated a measured expansion from October 2022 to October 2023: its price increased at an average monthly rate of +2.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, cereals; millet, other than seed import price decreased by -4.9% against August 2023 indices. The most prominent rate of growth was recorded in August 2023 an increase of 91% month-to-month. As a result, import price reached the peak level of $1,539 per ton; afterwards, it flattened through to October 2023.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was China ($2,278 per ton), while the price for Mali totaled $194 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Mali (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Millet, Other than Seed in France
In 2022, cereals; millet, other than seed exports from France soared to 35K tons, growing by 19% on 2021 figures. The total export volume increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 28%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, cereals; millet, other than seed exports soared to $15M in 2022. The total export value increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.
| Export of Cereals; Millet, Other than Seed in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 3.0 | 3.7 | 4.7 | 5.1 | 19.3% |
| Spain | 1.5 | 1.1 | 1.7 | 2.5 | 18.6% |
| United Kingdom | 1.6 | 1.2 | 0.3 | 2.0 | 7.7% |
| Netherlands | 1.8 | 1.4 | 1.6 | 1.5 | -5.9% |
| Portugal | 0.9 | 0.5 | 1.6 | 1.5 | 18.6% |
| Italy | 1.1 | 0.5 | 0.7 | 1.2 | 2.9% |
| Germany | 1.0 | 0.4 | 0.7 | 1.0 | 0.0% |
| Others | 1.1 | 1.7 | 1.5 | 0.8 | -10.1% |
| Total | 12.0 | 10.4 | 13.0 | 15.4 | 8.7% |
Top Export Markets for Cereals; Millet, Other than Seed from France in 2022:
- Belgium (10.0K tons)
- Spain (6.7K tons)
- United Kingdom (5.2K tons)
- Portugal (4.0K tons)
- Netherlands (3.6K tons)
- Italy (3.2K tons)
- Germany (1.7K tons)
Imports of Cereals; Millet, Other than Seed in France
In 2022, purchases abroad of cereals; millet, other than seeds decreased by -34.1% to 1.3K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of 128%. As a result, imports reached the peak of 5.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cereals; millet, other than seed imports fell dramatically to $1.8M in 2022. Overall, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2020 when imports increased by 84%. As a result, imports attained the peak of $3.9M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Cereals; Millet, Other than Seed in France (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 525 | 893 | 638 | 569 | 2.7% |
| China | 269 | 375 | 886 | 456 | 19.2% |
| Netherlands | 586 | 1,919 | 380 | 356 | -15.3% |
| Italy | 0.1 | 228 | 242 | 124 | 974.3% |
| Germany | 107 | 142 | 125 | 108 | 0.3% |
| Hungary | 79.8 | 93.0 | 80.8 | 69.2 | -4.6% |
| Austria | 28.1 | 34.8 | 26.9 | 34.5 | 7.1% |
| India | 101 | 1.5 | 7.6 | 23.5 | -38.5% |
| Ukraine | 200 | N/A | N/A | N/A | 0% |
| Others | 217 | 190 | 240 | 57.3 | -35.8% |
| Total | 2,112 | 3,876 | 2,626 | 1,797 | -5.2% |
Top Suppliers of Cereals; Millet, Other than Seed to France in 2022:
- Netherlands (528.1 tons)
- Belgium (229.7 tons)
- China (178.9 tons)
- Hungary (96.4 tons)
- Italy (71.7 tons)
- Germany (40.2 tons)
- Austria (33.6 tons)
- India (17.3 tons)
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Millet exports reached their peak at 41K tons in 2022, but experienced a significant decline the following year. In terms of value, millet exports saw a notable decrease to $15M in 2023.
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In May 2023, the Millet price reached $789 per ton (FOB, France), demonstrating a 7.5% increase compared to the previous month.
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