Cereals; Millet, Seed Price in India - 2023
Contents:
- Cereals; Millet, Seed Price in India (FOB) - 2023
- Cereals; Millet, Seed Price in India (CIF) - 2022
- Cereals; Millet, Seed Exports in India
- Cereals; Millet, Seed Imports in India
Cereals; Millet, Seed Price in India (FOB) - 2023
In July 2023, the average cereals; millet, seed export price amounted to $414 per ton, rising by 7.8% against the previous month. Over the period under review, export price indicated a notable increase from July 2022 to July 2023: its price increased at an average monthly rate of +3.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, cereals; millet, seed export price increased by +7.8% against June 2023 indices. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 45% m-o-m. As a result, the export price attained the peak level of $606 per ton. From April 2023 to July 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Canada ($543 per ton), while the average price for exports to the United Arab Emirates ($329 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Cereals; Millet, Seed Price in India (CIF) - 2022
The average cereals; millet, seed import price stood at $461 per ton in 2022, stabilizing at the previous year. Over the period under review, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2019 a decrease of -15.3% against the previous year. Over the period under review, average import prices attained the peak figure at $568 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Sri Lanka.
From 2018 to 2022, the rate of growth in terms of prices for Sri Lanka amounted to 0.0% per year.
Cereals; Millet, Seed Exports in India
Cereals; millet, seed exports from India was estimated at 34K tons in 2022, picking up by 4.5% on 2021 figures. The total export volume increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 21% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, cereals; millet, seed exports dropped to $11M in 2022. In general, exports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of 19%.
| Export of Cereals; Millet, Seed in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nepal | 1,571 | 2,791 | 3,914 | 3,592 | 31.7% |
| Pakistan | 3,860 | 2,252 | 1,879 | 1,725 | -23.5% |
| United Arab Emirates | 440 | 597 | 1,332 | 1,222 | 40.6% |
| Namibia | 1,009 | 823 | 1,009 | 1,053 | 1.4% |
| United Kingdom | 48.8 | 44.7 | 29.2 | 365 | 95.6% |
| Libya | 592 | 380 | 174 | 315 | -19.0% |
| Tunisia | 848 | 191 | 145 | 304 | -29.0% |
| Egypt | 377 | 164 | 296 | 289 | -8.5% |
| Oman | 202 | 88.3 | 204 | 187 | -2.5% |
| Afghanistan | 87.9 | 16.1 | 156 | 143 | 17.6% |
| Yemen | 340 | 129 | 21.1 | 128 | -27.8% |
| Sri Lanka | 702 | 115 | 28.8 | 21.3 | -68.8% |
| Others | 1,454 | 1,463 | 1,622 | 1,377 | -1.8% |
| Total | 11,533 | 9,053 | 10,811 | 10,721 | -2.4% |
Top Export Markets for Cereals; Millet, Seed from India in 2022:
- Nepal (15.5K tons)
- Namibia (4.5K tons)
- United Arab Emirates (3.5K tons)
- Pakistan (2.9K tons)
- Tunisia (1.1K tons)
- Libya (1.0K tons)
- Oman (0.8K tons)
- Afghanistan (0.6K tons)
- United Kingdom (0.6K tons)
- Yemen (0.5K tons)
- Egypt (0.2K tons)
- Sri Lanka (0.1K tons)
Cereals; Millet, Seed Imports in India
In 2022, after two years of decline, there was decline in supplies from abroad of cereals; millet, seeds, when their volume decreased by 0% to 13 tons. Over the period under review, imports faced a deep setback. The smallest decline of 99.9% was in 2020.
In value terms, cereals; millet, seed imports totaled $5.8K in 2022. In general, imports faced a deep setback. The smallest decline of 99.9% was in 2020.
| Import of Cereals; Millet, Seed in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | N/A | N/A | N/A | 5.8 | 0% |
| Others | 10.2 | N/A | N/A | N/A | 0% |
| Total | 10.2 | N/A | N/A | 5.8 | -17.2% |
Top Suppliers of Cereals; Millet, Seed to India in 2022:
- Sri Lanka (12.6 tons)
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