The global millet market is currently characterized by notable price resilience, driven by a sharp decline in daily arrivals at major mandis and stable, supportive export demand. In key Indian trading hubs like Deesa, a substantial decrease in arrivals—from 80–100 truckloads at peak, now down to just 50—has underpinned prices despite lackluster domestic consumption from certain buyers. At present, average-quality pearl millet is trading in the $390–$395/MT range, with premium grades near $400/MT. Rajasthan, another crucial producing region where the new crop is due soon, is seeing similarly muted trade, as both buyers and sellers await the next wave of supply. Local prices there hover at $385/MT for standard varieties and $392/MT for premium lots. Export activity continues to provide support, with overseas demand focused on quality millet from Gujarat and Rajasthan, further limiting domestic downside.
Market sentiment indicates prices are likely to remain firm until the new crop is fully realized in regional mandis, at which point increased supply may exert downward pressure. The next few weeks will be critical for price direction, depending on how swiftly and abundantly the new crop comes to market.
Exclusive Offers on CMBroker
Millet seeds
inshell, yellow
98%
FCA 0.24 €/kg
(from UA)
Millet seeds
inshell,red
98%
FCA 0.24 €/kg
(from UA)
Millet kernels
hulled, yellow
99%
FCA 1.20 €/kg
(from UA)
📈 Prices
| Origin | Product | Type | Purity | Organic | Location | Delivery | Price (EUR/mt) | Prev. Price (EUR/mt) | Update Date |
|---|---|---|---|---|---|---|---|---|---|
| UA | Millet seeds | inshell, yellow | 98% | No | Odesa | FCA | 0.24 | 0.24 | 2025-08-22 |
| UA | Millet seeds | inshell, red | 98% | No | Odesa | FCA | 0.24 | 0.24 | 2025-08-22 |
| UA | Millet kernels | hulled, yellow | 99% | Yes | Odesa | FCA | 1.20 | 1.20 | 2025-08-22 |
| UA | Millet kernels | hulled, yellow | 98% | No | Odesa | FCA | 0.40 | 0.40 | 2025-08-22 |
| UA | Millet seeds | hulled, yellow | – | No | Odesa | FOB | 0.19 | 0.18 | 2025-08-21 |
| CN | Millet kernels | hulled, yellow | 99.90% | Yes | Beijing | FOB | 0.81 | 0.80 | 2025-08-20 |
| CN | Millet kernels | hulled, yellow | 99.95% | No | Beijing | FOB | 0.74 | 0.72 | 2025-08-20 |
| PL | Millet seeds | hulled, yellow | 99,95% | No | Kiełczygłow | FCA | 0.44 | 0.45 | 2025-08-06 |
🌍 Supply & Demand
- Arrivals: Down sharply in India—key Deesa mandi arrivals at 50 trucks vs. 80-100 historically; Rajasthan arrivals flat ahead of new crop.
- Demand: Domestic is weak but steady; export demand for premium-quality remains a firm price support, particularly targeting Middle East and African buyers.
- Outlook: Tight supply will likely persist in the short term, with new crop arrivals in Rajasthan and Gujarat set to begin putting downward pressure on prices in the coming weeks.
📊 Fundamentals
- Price Stability: Limited arrivals have kept average prices stable or slightly stronger week-on-week across India.
- Export Support: Overseas interest is particularly high for high-purity, good-quality lots, supporting current price levels despite sluggish inland buying.
- Inventory: Local traders are holding back additional releases pending new crop clarity—stocks are tight.
☁️ Weather Outlook
- India: Rajasthan and Gujarat are experiencing mixed monsoon activity, with some dry spells reported last week. Forecasts suggest improved precipitation in the next ten days, which could benefit late-stage millet crops and support new crop yields. However, heavy rain could delay initial harvests in isolated pockets.
- Ukraine/China: Favorable summer conditions in both countries, with adequate soil moisture for maturing millet crops, has led to stable to slightly improved yield expectations—a positive signal for the ongoing harvest season.
🌐 Global Production & Stocks
- India: Remains the largest producer globally, but new crop supply is two weeks out, maintaining short-term price strength.
- China and Ukraine: Ample stocks and solid production in 2024 balancing some of the Asian shortfall.
- Africa: Several countries face below-average production due to poor rains and drought across the Sahel.
📌 Trading Outlook & Recommendations
- Expect prices to hold firm until large-scale new crop arrivals begin in Rajasthan and Gujarat—likely in the next fortnight.
- Exporters should secure quality lots early, as premium demand remains robust from foreign buyers.
- Domestic buyers may see improved availability and moderate declines by late September.
- Watch for monsoon patterns in northwest India—any disruption could amplify volatility on both supply and pricing fronts.
- Monitor Chinese and Ukrainian port offers, as competitive FOB pricing may cap any upside in Asian prices.
📆 3-Day Price Forecast (Key Hubs)
| Region/Exchange | Current Price (USD/mt) | Forecast Trend (3d) | Market Sentiment |
|---|---|---|---|
| India (Deesa, Gujarat) | 393 | Stable to Firm | Bullish/Tight supply |
| India (Rajasthan, Avg.) | 385 | Stable | Neutral (awaiting new crop) |
| Ukraine (Odesa, FCA) | 0.24 (EUR/kg) | Slightly Firm | Positive export demand |
| China (Beijing, FOB) | 0.74 (EUR/kg) | Stable | Steady international demand |
