Grains - Grains

Millet: Ukrainian crop exceeds USDA estimates

November 22, 2021 4:38 PM, Der AUDITOR
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BEIJING/KIEV. According to the latest data from the US Department of Agriculture, global millet production has been lower than expected. In China, market players have been able to agree on a price level.

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.

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

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)

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.

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
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