The global millet market is showcasing a period of remarkable stability, largely driven by moderate demand levels and consistent arrivals ensured by recent rainfall in major producing regions. Local markets across India, including key hubs such as Rajkot and Himatnagar, have reported steady prices with only marginal day-to-day fluctuations—reflecting an equilibrium between supply and demand. In Rajkot, arrivals of around 300 quintals of Bajra (pearl millet) were priced between $28–$31 per quintal, while Himatnagar saw roughly 100 quintals traded at $29–$32 per quintal. Several other markets logged about 9500 quintals changing hands within a $27–$30 per quintal bracket. Market participants remain cautiously optimistic, as experts contend that price movements will likely remain muted barring any abrupt changes in arrival volumes or consumer demand.
Amid stable fundamentals, global pricing in EUR for Ukrainian, Chinese, and Polish millet varieties reflects a firm undertone, with some incremental gains for top-quality seeds. Weather remains a decisive factor; ongoing rainfall supports healthy crop growth and maintains arrivals, a trend expected to influence the outlook over the next few sessions. In summary, the millet market is set for continued steadiness, supported by adequate stocks, moderate buying interest, and benign weather patterns across leading origins. The near-term trading environment, therefore, favors stability over volatility, making the market appealing for cautious buyers and steady sellers alike.
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