Price for Cereals; Millet, Other than Seed in India - 2023
Contents:
- Price for Cereals; Millet, Other than Seed in India (FOB) - 2023
- Price for Cereals; Millet, Other than Seed in India (CIF) - 2022
- Exports of Cereals; Millet, Other than Seed in India
- Imports of Cereals; Millet, Other than Seed in India
Price for Cereals; Millet, Other than Seed in India (FOB) - 2023
The average export price for cereals; millet, other than seeds stood at $524 per ton in November 2023, increasing by 15% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +3.7%. The most prominent rate of growth was recorded in March 2023 an increase of 22% m-o-m. Over the period under review, the average export prices hit record highs in November 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($1,761 per ton), while the average price for exports to Oman ($304 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Millet, Other than Seed in India (CIF) - 2022
The average import price for cereals; millet, other than seeds stood at $499 per ton in 2022, growing by 36% against the previous year. Overall, the import price showed a mild increase. The growth pace was the most rapid in 2018 when the average import price increased by 87%. As a result, import price attained the peak level of $850 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Tunisia ($514 per ton), while the price for Turkey stood at $407 per ton.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+3.9%), while the prices for the other major suppliers experienced a decline.
Exports of Cereals; Millet, Other than Seed in India
For the fourth consecutive year, India recorded growth in overseas shipments of cereals; millet, other than seeds, which increased by 20% to 69K tons in 2022. The total export volume increased at an average annual rate of +12.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cereals; millet, other than seed exports surged to $26M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Millet, Other than Seed in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 3.1 | 3.4 | 2.6 | 6.8 | 29.9% |
| United Arab Emirates | 3.8 | 2.3 | 5.3 | 4.2 | 3.4% |
| Libya | 1.0 | 0.9 | 0.9 | 2.3 | 32.0% |
| Morocco | 0.7 | 0.8 | 0.4 | 1.4 | 26.0% |
| Yemen | 1.6 | 0.5 | 0.9 | 1.3 | -6.7% |
| Oman | 0.2 | 0.7 | 1.5 | 1.2 | 81.7% |
| Tunisia | 0.9 | 1.9 | 0.6 | 0.8 | -3.9% |
| Bangladesh | N/A | N/A | N/A | 0.7 | 0% |
| South Africa | 0.2 | 0.1 | N/A | 0.7 | 51.8% |
| Qatar | 0.3 | 0.3 | 0.5 | 0.7 | 32.6% |
| Bahrain | 0.2 | 0.1 | 0.3 | 0.6 | 44.2% |
| Kuwait | 0.2 | 0.1 | 0.2 | 0.6 | 44.2% |
| Nepal | 0.5 | 0.6 | 0.3 | 0.5 | 0.0% |
| Others | 4.2 | 4.0 | 3.1 | 4.3 | 0.8% |
| Total | 17.0 | 15.9 | 16.6 | 26.1 | 15.4% |
Top Export Markets for Cereals; Millet, Other than Seed from India in 2022:
- Saudi Arabia (17.7K tons)
- United Arab Emirates (13.4K tons)
- Libya (5.4K tons)
- Yemen (3.9K tons)
- Morocco (3.6K tons)
- Oman (3.4K tons)
- Bangladesh (2.6K tons)
- Tunisia (2.6K tons)
- Qatar (2.0K tons)
- Nepal (1.7K tons)
- Bahrain (1.6K tons)
- South Africa (1.5K tons)
- Kuwait (1.5K tons)
Imports of Cereals; Millet, Other than Seed in India
In 2022, approx. 313 tons of cereals; millet, other than seeds were imported into India; with an increase of 17% on the year before. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 246%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, cereals; millet, other than seed imports soared to $156K in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 248%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Cereals; Millet, Other than Seed in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tunisia | N/A | N/A | N/A | 138 | 0% |
| Turkey | N/A | N/A | 10.2 | 17.9 | 75.5% |
| Belgium | 5.3 | 15.1 | 11.8 | N/A | 49.2% |
| United States | N/A | N/A | 52.3 | N/A | 0% |
| Australia | N/A | 34.0 | N/A | N/A | 0% |
| Ukraine | N/A | N/A | 11.9 | N/A | 0% |
| Others | 13.1 | 15.1 | 12.1 | N/A | -3.9% |
| Total | 18.5 | 64.1 | 98.3 | 156 | 103.5% |
Top Suppliers of Cereals; Millet, Other than Seed to India in 2022:
- Tunisia (269.0 tons)
- Turkey (44.1 tons)
1731
This report provides an in-depth analysis of the millet market in India.
1220
This report provides an in-depth analysis of the buckwheat market in India.
519
This report provides an in-depth analysis of the canary seed market in India.
1141
This report provides an in-depth analysis of the fonio market in India.
736
This report provides an in-depth analysis of the quinoa market in India.
578
This report provides an in-depth analysis of the triticale market in India.
699
This report provides an in-depth analysis of the cereal market in India.
634
This report provides an in-depth analysis of the grain market in India.
537
This report provides an in-depth analysis of the grain market in India.
3354
This report provides an in-depth analysis of the global millet market.
300
In July 2023, the price of Millet stabilized at $370 per ton (FOB, India), remaining at the same level as the previous month.
469
In July 2022, the quinoa price per ton stood at $3.1K (FOB, India), rising by 93% against the previous month.
140
The most prominent rate of growth was observed in May 2023 with a 78% increase from the previous month. Cereals exports reached a total value of $32M in November 2023.
5563
Global millet consumption amounted to X thousand tons in 2015, lowering by -X% against the previous year level.
2749
In 2015, the country with the largest volume of the millet output was India (X thousand tons), accounting for X% of global production.
1867
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
853
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.
6621
Global buckwheat consumption amounted to X thousand tons in 2015, surging by +X% against the previous year level.
3127
Global buckwheat exports amounted to X thousand tons in 2015, moving up by +X% against the previous year level.
3141
Global buckwheat imports amounted to X thousand tons in 2015, going up by +X% against the previous year level.
