Millet: Ukrainian crop exceeds USDA estimates
November 22, 2021 at 4:38 PM ,
Der AUDITOR
USDA reports crop correction
The USDA has revised its estimate for world millet production downwards. At 29.79 million mt, the difference compared to last year is now -8.4% instead of the previously forecast -6.3%. In Ukraine, the harvest has now been completed and is reported to have yielded 184,700 mt, roughly in line with the USDA forecast of 180,000 mt. Nevertheless, the country, like many others, experienced a decline in production compared to last year; in Ukraine it was 31%. India, the largest millet-growing country, also recorded a deficit of 13% compared to last year.
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Millet production in 1,000 mt |
|||
|
Country |
2020/21 |
2021/22 |
Diff. |
|
India |
13,200 |
11,500 |
-12.9% |
|
Niger |
3,850 |
3,800 |
-1.3% |
|
China |
2,300 |
2,300 |
0.0% |
|
Nigeria |
2,000 |
2,000 |
0.0% |
|
Mali |
1,941 |
1,800 |
-7.3% |
|
Sudan |
1,920 |
1,500 |
-21.9% |
|
Russia |
392 |
300 |
-23.5% |
|
Ukraine |
260 |
180 |
-30.8% |
|
Others |
6,674 |
6,409 |
-4.0% |
|
Gesamt |
32,537 |
29,789 |
-8.4% |
|
USDA |
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September imports lower annual average
In September 2021, Germany imported 1,432 mt of millet*, around 43% less than in the same month last year. Ukraine remains by far the most important supplier with a deficit of 12% and a quantity of 846 mt. At the same time, China managed to reach second place with an increase of 75% to 126 mt, while imports from other countries such as Poland, Austria and France dropped massively.
In the first nine months of the current calendar year (Jan-Sep 2021), Germany imported a total of 20,207 mt of millet*, around 6% less than in the same period last year. The biggest boost came from imports from France, with an import volume of 5,075 mt (+80% yoy). While September imports declined, shipments from Ukraine (+26% to 5,412 mt), Austria (+31% to 3,938 mt) and Poland (+36% to 2,193 mt) increased significantly in total.
|
Millet* imports, Germany in mt |
|||
|
Country |
2020/21 |
2021/22 |
Diff. |
|
Ukraine |
963 |
846 |
-12.1% |
|
China |
72 |
126 |
75.0% |
|
Poland |
285 |
118 |
-58.6% |
|
Austria |
474 |
86 |
-81.9% |
|
Hungary |
51 |
74 |
45.1% |
|
France |
397 |
62 |
-84.4% |
|
Russia |
88 |
0 |
-100.0% |
|
Netherlands |
167 |
15 |
-91.0% |
|
Others |
16 |
105 |
556.3% |
|
Total |
2,513 |
1,432 |
-43.0% |
|
Federal Statistical Office of Germany / September *10082900 Millet (excl. grain sorghum, and seed for sowing) |
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Prices in China are stable
In the Chinese market, export prices for hulled millet have stabilised. Buyers have come to terms with the current price level and suppliers are satisfied with what they are getting. Conventional millet, hulled is unchanged at USD 1,435/mt FOB Dalian, for organic millet traders are currently asking prices of USD 1,560/mt FOB.
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Millet, China |
|
|
Type |
USD/mt |
|
Hulled |
1,435 |
|
Organic, hulled |
1,560 |
|
FOB Dalian |
|
View more
- price chart, organic millet, China
- price chart, millet, unhulled, green, India
- price chart, millet, unhulled, yellow, India
- price charts for grains, oilseeds, nuts, spices and dried fruit
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