What is the price of millet per kilogram/pound in Malaysia today?
The retail price range for Malaysia millet is between US$ 0.81 and US$ 1.00 per kilogram or between US$ 0.37 and US$ 0.45 per pound(lb). Click here to see today's exact prices of millet in Malaysia
The retail price range in Malaysian Ringgit for millet is between MYR 3.67 and MYR 4.55 per kilogram or between MYR 1.66 and MYR 2.06 per pound(lb) in Kuala Lumpur and George Town.
Wholesale prices
In 2024, the approximate wholesale price range for Malaysia millet is between US$ 0.57 and US$ 0.70 per kilogram or between US$ 0.26 and US$ 0.32 per pound(lb).
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Malaysia Millet Export Prices - Historical, Trends and Prediction
In the years 2014, 2015, 2016, 2017 and 2018, the export price of Millet from Malaysia was US$ 0.11, US$ 0.26, US$ 0.32, US$ 0.23 and US$ 0.02 per Kg respectively. For the year 2021, the export price was US$ 0.22 per Kg. For the year 2023, the predicted export price of Millet from Malaysia is US$ 0.22 per Kg.The millet exports from Malaysia 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)
Malaysia Millet Import Prices - Historical, Trends and Prediction
The import price of Millet into Malaysia over the last five years has been quite varied. In 2017, the price was 0.59 US$ per kg, followed by a sharp drop to 0.1 US$ per kg in 2018. This was followed by a dramatic increase to 10.58 US$ per kg in 2019, before dropping back to 0.4 US$ per kg in 2020. The price then rose again to 2.43 US$ per kg in 2021. Based on this data, it is likely that the import price of Millet into Malaysia will remain relatively stable in the next two years, with a predicted price of 0.4 US$ per kg in 2023 and 0.45 US$ per kg in 2024.Export values for Malaysia millet
The total values in export for millet in Malaysia were US$ 215, US$ 418, US$ 238 and US$ 27 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 Malaysia: 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.
Malaysia millet - Production, Exports, Imports, Seasons and HS Codes
The quantity of millet exported by Malaysia in 2020 was 218 tons. In 2019 Malaysia sold 26 tonnes of millet. For 2019 alone, the demand for Malaysia millet (cereals/grains category) has decreased, flactuating by -90.78 per cent compared to the year 2018. Between 2017 and 2019, millet's exports decreased by -93.53% bringing the nation US$0.03m for the year 2019. Malaysia's millet exports are categorised as:
- Millet (excluding grain sorghum) (HS code 100820)
- Millet (excluding grain sorghum, and seed for sowing) (HS code 100829)
- Millet seed for sowing (excluding grain sorghum) (HS code 100821)
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Malaysia millet export values
In 2019, Malaysia sold millet with a value of 0.03m USD, a reduction of -87.39% from 2018's total millet export of 0.238m USD. The yearly change in value of Malaysia millet between 2017 to 2018 was -43.062 per cent.
The yearly variation in the amount of Malaysia's millet exports between 2017 and 2019 was -93.53 pc when compared to a variation of -90.78% in the growth rate between 2018 and 2019.
Malaysia's stake of the world's total millet's exports in 2019 was less than 1%. Malaysia is ranked position 44 in world exports of millet.
Export markets for Malaysia millet ( in '000$ )
Malaysia's best performing destinations for millet are Singapore, Canada, United Arab Emirates (UAE), Vietnam and Thailand.
Import/Export Trends
Malaysia is a net importer of millet. The annual growth of Malaysia millet in value between 2015 to 2019 was 10%, per year, while annual growth in quantity during the same period was 56%, per annum.
Malaysia purchased 6,590 tonnes of millet in 2019.