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Written by Beckett » Updated on: August 21st, 2024
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 millet price news, 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.
Millet Prices December 2023:
Report Offering:
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
The market is driven by several key factors, reflecting the growing importance of millet in the global agricultural landscape. Firstly, the rising health consciousness among consumers is catalyzing the demand for millet as it is rich in fiber, proteins, and essential minerals. People are adopting a healthier alternative to conventional grains like wheat and rice. This shift is particularly prominent among urban populations seeking to combat various lifestyle diseases, such as diabetes and obesity. Secondly, the millet market is propelled by increasing preferences for gluten-free diets. Millets are naturally gluten-free, making them an ideal choice for individuals with celiac disease or gluten intolerance.
Millet Industry Analysis
The resilience of millets in harsh climatic conditions makes them a crucial crop in regions prone to drought and poor soil fertility. Their ability to grow in adverse conditions with minimal water and inputs supports food security and sustainability goals, particularly in developing countries facing various climate change. Apart from this, governing agencies of several countries are promoting millet cultivation as they are recognizing the nutritional and ecological benefits of millet. They are implementing programs to enhance production techniques and improve market access. These policy interventions are crucial in increasing millet production and consumption. Lastly, consumers are increasingly inclined towards organically grown millets, which are perceived as healthier and eco-friendly.
After fluctuating in the early months of the year, millet prices began to spike in the end quarter of 2023. This surge was fueled by the growing popularity of millet-based products, such as pasta, noodles, and snacks. During this period, erratic weather conditions and a reduction in crop sowing areas led to depleted inventories, further supporting the rise in millet prices in India. The gradual increase in prices turned exponential in the later months. In line with this, favorable government initiatives in the millet sector played a beneficial role. Policies aimed at promoting millet cultivation, enhancing production techniques, and improving market access contributed to the upward price trend.
Regional Price Analysis:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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