Grains - Grains

Millet: Ukraine must cut back on exports

December 15, 2021 3:38 PM, Der AUDITOR
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KIEV. After Ukraine was able to continuously increase its millet exports in the past years, they will be significantly lower again in the 2021/22 season. The reason for this is the smaller production volume.

Indonesia as the most significant importer

As APK Inform reports, Ukraine has increased its millet exports sevenfold within the last four seasons. While 26,300 mt were shipped overseas in the 2017/18 marketing year, exports for 2020/21 were already at a record of 181,400 mt. The most important buyer countries were Indonesia, Poland and Germany, whose combined share is 35%. Indonesia, for example, increased its imports of Ukrainian millet 169-fold compared to 2017/18, to 41,600 mt; Poland, after all, increased its imports three-fold to 11,400 mt; and German imports in 2020/21 were four times higher than in the 2017/18 marketing year, at 10,300 mt. In the September-October 2021 period, however, exports weakened a little; at 8,700 mt, Ukraine shipped 28% less millet overseas than in the corresponding period of last year.

Slight price increases

APK Inform forecasts that Ukraine will reduce its millet exports by about 53% to 85,000 mt in the 2021/22 financial year. This is due to lower production, which at 167,800 mt is expected to be 34% lower than in the last season. The USDA is currently more optimistic and estimates production at 180,000 mt. In Kazakhstan, the current millet stocks amount to 24,600 mt according to the local statistics office.

Prices for Chinese goods have increased slightly compared to last week. Hulled millet currently costs USD 1,380/mt FOB Dalian.

Millet, China

Type

USD/mt

Hulled

1,380

Organic, hulled

1,450

FOB Dalian

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price chart, organic millet, China
price chart, millet, unhulled, green, India
price chart, millet, unhulled, yellow, India
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