Price for Cereals; Millet, Other than Seed in Brazil - 2024
Contents:
- Price for Cereals; Millet, Other than Seed in Brazil (CIF) - 2022
- Price for Cereals; Millet, Other than Seed in Brazil (FOB) - 2022
- Imports of Cereals; Millet, Other than Seed in Brazil
- Exports of Cereals; Millet, Other than Seed in Brazil
Price for Cereals; Millet, Other than Seed in Brazil (CIF) - 2022
The average import price for cereals; millet, other than seeds stood at $518 per ton in 2022, jumping by 18% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 30% against the previous year. As a result, import price reached the peak level of $647 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,170 per ton), while the price for Argentina ($434 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in Brazil (FOB) - 2022
The average export price for cereals; millet, other than seeds stood at $1,117 per ton in 2022, jumping by 58% against the previous year. Overall, the export price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2017 an increase of 144% against the previous year. As a result, the export price reached the peak level of $1,554 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Paraguay.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +7.1% per year.
Imports of Cereals; Millet, Other than Seed in Brazil
In 2022, supplies from abroad of cereals; millet, other than seeds decreased by -20.9% to 7.9K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 293%. As a result, imports reached the peak of 10K tons, and then dropped rapidly in the following year.
In value terms, cereals; millet, other than seed imports contracted to $4.1M in 2022. Overall, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 332%. As a result, imports reached the peak of $4.4M, and then dropped in the following year.
| Import of Cereals; Millet, Other than Seed in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 252 | 692 | 3,782 | 1,941 | 97.5% |
| Bulgaria | 22.4 | 10.5 | 16.0 | 1,471 | 303.4% |
| United States | 50.4 | 8.2 | 267 | 351 | 91.0% |
| China | 213 | 192 | 142 | 334 | 16.2% |
| Others | 57.0 | 116 | 198 | 17.7 | -32.3% |
| Total | 594 | 1,019 | 4,404 | 4,115 | 90.6% |
Top Suppliers of Cereals; Millet, Other than Seed to Brazil in 2022:
- Argentina (4.5K tons)
- Bulgaria (2.7K tons)
- United States (0.5K tons)
- China (0.3K tons)
Exports of Cereals; Millet, Other than Seed in Brazil
In 2022, the amount of cereals; millet, other than seeds exported from Brazil contracted rapidly to 1.3 tons, shrinking by -89.6% compared with the previous year's figure. Over the period under review, exports recorded a dramatic curtailment. The smallest decline of -7.6% was in 2020.
In value terms, cereals; millet, other than seed exports fell rapidly to $1.5K in 2022. Overall, exports faced a sharp setback. The smallest decline of -4.5% was in 2020.
| Export of Cereals; Millet, Other than Seed in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 0.1 | 0.1 | 0.1 | 1.5 | 146.6% |
| Argentina | N/A | N/A | 4.4 | N/A | 0% |
| Uruguay | 0.7 | 0.1 | 4.6 | N/A | 156.3% |
| Kuwait | N/A | 2.6 | N/A | N/A | 0% |
| South Africa | 6.2 | N/A | N/A | N/A | 0% |
| Turkey | 3.4 | 7.0 | N/A | N/A | 105.9% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 10.5 | 10.0 | 9.1 | 1.5 | -47.7% |
Top Export Markets for Cereals; Millet, Other than Seed from Brazil in 2022:
- Paraguay (1320.0 kg)
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The U.S. continues its dominance in the global millet trade. In 2014, the U.S. exported X thousand tons of millet totaling X million USD, X% over the previous year. Its primary trading partner was Canada, where it supplied X% of its total millet
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In the immediate term, the global buckwheat market may face a shortage due to an export ban introduced in Russia. The country, being the largest producer and exporter of buckwheat, restricted exporting unprocessed buckwheat, coarsely ground buckwheat groats, and crushed buckwheat grain from June 5, 2021, to August 31. Russia took this step to preserve the volumes of the buckwheat grain for its domestic consumption and prevent a spike in prices inside the country. China, Latvia and Ukraine featured the most prominent increases in imports from Russia in 2021.
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Global buckwheat imports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
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In 2015, the countries with the highest levels of production in 2015 were Russia (X thousand tons), China (X thousand tons), France (X thousand tons), together accounting for X% of total output.
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In 2015, gross yield of buckwheat in the world increased after the fall of 2013-2014. Production volumes are increasing in Russia, as well as in China, together accounting for two thirds of global production. According to e
