What is the price of millet per kilogram/pound in China today?
The retail price range for China millet is between US$ 0.86 and US$ 1.25 per kilogram or between US$ 0.39 and US$ 0.56 per pound(lb). Click here to see today's exact prices of millet in China
The retail price range in Yuan Renminbi for millet is between CNY 6.05 and CNY 8.73 per kilogram or between CNY 2.74 and CNY 3.96 per pound(lb) in Beijing and Shanghai.
Wholesale prices
In 2024, the approximate wholesale price range for China millet is between US$ 0.60 and US$ 0.87 per kilogram or between US$ 0.27 and US$ 0.40 per pound(lb).
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China Millet Export Prices - Historical, Trends and Prediction
The export price per kilogram of Millet from China has seen a steady increase over the last five years. In 2017, the price was 0.86 US $ per kg, and in 2021 it was 1.41 US $ per kg. This represents an increase of 64.0%. In 2020, the price was 1.22 US $ per kg, and in 2022 it was 1.33 US $ per kg, representing an increase of 9.0%. Based on this trend, it is predicted that the export price per kilogram of Millet from China in 2023 will be 1.48 US $ per kg, and in 2024 it will be 1.56 US $ per kg.The millet exports from China are categorised as:
- Millet (excluding grain sorghum) (HS code 100820)
- Millet seed for sowing (excluding grain sorghum) (HS code 100821)
- Millet (excluding grain sorghum, and seed for sowing) (HS code 100829)
China Millet Import Prices - Historical, Trends and Prediction
The import price per kilogram of Millet into China has seen a steady increase over the past five years. In 2017, the price was 0.86 US $ per kg, which increased to 0.88 US $ per kg in 2018. In 2019, the price dropped slightly to 0.85 US $ per kg, before rising to 1.22 US $ per kg in 2020. The price then increased further to 1.41 US $ per kg in 2021 and 1.33 US $ per kg in 2022. Based on this trend, it is likely that the import price per kilogram of Millet into China will continue to increase in the next two years, with an estimated price of 1.36 US $ per kg in 2023 and 1.39 US $ per kg in 2024.Export values for China millet
The total values in export for millet in China were US$ 88,896, US$ 76,016, US$ 59,648 and US$ 83,776 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Cereals/Grains category in China: Wheat, Rye, Barley, Oats, Maize, Rice, Sorghum, Buckwheet, Canary seed & Fonio.
See prices of millet in other countries across Asia: Kazakhstan millet, Kyrgyzstan millet, Tajikistan millet, Turkmenistan millet, Uzbekistan millet, China millet, Hong Kong millet, Macao millet, North Korea millet & Mongolia millet.
China millet - Production, Exports, Imports, Seasons and HS Codes
In 2019 China exported 98,320 tonnes of millet. For 2019 alone, the market for China millet (cereals/grains category) has increased, with a change of 45.823 per cent compared to the year 2018. Between 2017 and 2019, millet's exports went up by 10.88 percent earning the nation US$83.78m for the year 2019. China's millet exports are classified as:
- Millet (excluding grain sorghum, and seed for sowing) (HS code 100829)
- Millet (excluding grain sorghum) (HS code 100820)
- Millet seed for sowing (excluding grain sorghum) (HS code 100821)
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China millet export values
In 2019, China supplied millet with a value of 83.78m USD, an increase of 40.46% from 2018's total millet export of 59.648m USD. The annual growth in value of China millet between 2017 to 2018 was -21.532%.
The annual/yearly variation in the quantity of China's millet exports between 2017 and 2019 was 10.88 percent when compared to a variation of 45.823% in the growth rate between 2018 and 2019.
China's share of the world's total millet's exports in 2019 was less than 1%. China is ranked position 24 in world exports of millet.
Export markets for China millet ( in '000$ )
China's top export markets for millet are Japan, South Korea, Indonesia, Spain and Germany.
Import/Export Trends
China is a net exporter of millet. The annual growth of China millet in value between 2015 to 2019 was 2418%, per year, while annual growth in quantity for the same period was %, per annum.
China ordered 192 tonnes of millet in 2019.
Production
The production of millet in China was 110,409,096 tonnes in 2019 and is projected to change by an average of -1.79%. The country had approximately 43,205,976.00 hectares under millet cultivation.