📈 Millet Market Surge: Navigating Tight Supplies and Rising Demand

Millet prices are currently on an upward trajectory, influenced by a significant decrease in new arrivals and dwindling stock levels. The recent harvest, which concluded in early autumn, has seen a substantial portion consumed by the processing industry, leading to a tight market scenario. As we approach the mid-year, the absence of new crop arrivals until September exacerbates the supply constraints, with current market dynamics indicating a potential price increase of $1.20 to $1.80 per quintal in the upcoming weeks.

Key millet-producing regions such as Rajasthan, Uttar Pradesh, and Haryana are witnessing virtually no new arrivals, pushing prices upwards. This trend is further fueled by the re-entry of distillery plants into the market, which, coupled with strong early-season buying, has prevented any significant stock buildup. The strategic sale of rice to ethanol producers by the Indian government has temporarily eased millet demand, yet the market remains volatile with prices recently increasing by about $1.20 per quintal over just three days.

Given the current market conditions and the forecasted weather patterns, which suggest no immediate relief in terms of crop stress, stakeholders should brace for continued price volatility. This analysis aims to provide a comprehensive overview of the millet market, including price trends, market drivers, and strategic recommendations for navigating this tight market.

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📊 Current Wholesale Price Snapshot

Location	Price Range ($ per quintal)
Uttar Pradesh	$26.50–$26.63
Rajasthan	$27.10–$27.23
Haryana	$29.40–$29.52
Premium Lots	Up to $29.76

📈 Market Drivers

• Sharp decline in new arrivals and available stock.
• Increased consumption by processing industries.
• Re-entry of distillery plants boosting demand.
• Government policies affecting market dynamics.

🌦️ Weather Forecast – Key Growing Regions

The upcoming weather conditions in major millet-producing areas do not indicate significant changes that could alleviate the current supply tightness. Mild to moderate temperatures with minimal precipitation are expected, which might not significantly benefit the growth of any standing crops.

🔮 Price Forecast – Next 3 Days

Given the current market conditions and stable but unhelpful weather forecasts, prices are expected to continue their upward trend. Here is a detailed forecast:

Date	Expected Price Range ($ per quintal)
Immediate	$27.50–$28.00
+1 Day	$27.60–$28.10
+2 Days	$27.70–$28.20

📌 Strategic Recommendations

• Producers: Capitalize on current high prices by selling existing stock.
• Buyers: Secure supplies before further price hikes.
• Traders: Monitor market closely for any sudden changes in government policy or market demand.