Wednesday, May 3, 2023

 Millets are a family of tiny-seeded grasses grown as cereal crops, for the consumption of humans and animals. They are grown in many parts of the world such as Africa, Asia, and Europe.

They have a low glycemic index and are high in nutrients. They are gluten-free. They belong to the grass familyPoaceae.

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They release glucose into the bloodstream more slowly than other carbohydrates. They are high in minerals such as iron, magnesium, and phosphorus as well as vitamins E and B.

To prevent erosion and improve soil health, they are grown in crop rotations. There are many kinds of millet, such as finger millet, foxtail millet, pearl millet, proso millet, little millet, and sorghum millet.

India, China, and Nigeria are the top millet-producing countries. Other than that, the leading exporting countries are Ukraine, India, the United States, Russia, and France.

Key Details About the Millets Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Millets price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The millets Price Trend, chart, including India millets price, USA millets price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting millets Price Trend:

Price Trend ImageMillets are employed in the food industry, specifically as a gluten-free substitute for wheat and other grains. They are also used in the production of a wide range of products, including breakfast cereals, baked goods, and snacks.

Additionally, they are utilised in the production of a variety of industrial products, including beer and distilled spirits. They are also used to make biofuels in some areas.

On the other hand, they are used as livestock feed, particularly in areas where other feed sources are expensive and scarce.

News & Development

  • March 19, 2023: India held its first mega-global Global Millets Conference in Delhi to celebrate the International Year of Millets. The aim was to elevate the awareness of millets for food security and nutrition, enhance investment in R&D activities, and inspire the stakeholders towards improving the quality, production, and productivity of millets.

Key Players:

  • Cargill India (Cargill, Incorporated)
  • Bayer AG
  • Mahyco (Maharashtra Hybrid Seeds Company Limited)
  • Alta Seeds (Advanta Seeds US)
  • Allied Seed, LLC
  • Eastern Colorado Seeds, LLC (ECS)

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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