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.
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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.
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Millet Price Trend- Last Quarter
Millet refers to a group of small-seeded grasses cultivated for their edible grains, which are staple foods in various regions worldwide. It is rich in essential nutrients, including proteins, fiber, vitamins, and minerals. It is also used as a primary food source in many developing countries due to its adaptability to diverse climatic conditions and low input requirements. Additionally, millet is naturally gluten-free, making it a suitable alternative for those with gluten sensitivities or celiac disease. Some popular types of millet include pearl millet, finger millet, and foxtail millet. These grains can be prepared in various forms, such as flour, porridge, or whole grain in dishes. Consequently, millet contributes to sustainable agriculture practices due to its ability to grow in poor soils and withstand drought conditions.
Millet Industry Analysis
The millet market is primarily driven by the increasing health consciousness among consumers. Additionally, millet is recognized for its high nutritional value including magnesium, phosphorus, iron, and beneficial antioxidants. It is also gluten-free, which appeals to individuals with gluten sensitivities or celiac disease. This increasing awareness and preference for healthier, non-processed foods contributes to the growing demand for millet.
Moreover, the rise in chronic health conditions such as diabetes and obesity has also fueled interest in millet as it is known to have a low glycemic index, which helps in managing blood sugar levels and improving digestive health. This makes them an attractive alternative to more conventional grains like rice and wheat. Besides this, several government initiatives and support for millet cultivation further propel the market growth. Along with this, several governments are promoting millet as part of food security programs and offering incentives for their cultivation including initiatives to improve millet production and distribution channels, making them more accessible to consumers. Furthermore, several innovative products like millet-based snacks, flours, and ready-to-eat (RTE) meals are available, attracting a broader consumer base across the globe.
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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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