What is the price of millet per kilogram/pound in Sri Lanka today?
The retail price range for Sri Lanka millet is between US$ 2.40 and US$ 7.70 per kilogram or between US$ 1.09 and US$ 3.49 per pound(lb). Click here to see today's exact prices of millet in Sri Lanka
The retail price range in Sri Lanka Rupee for millet is between LKR 739.92 and LKR 2,367.75 per kilogram or between LKR 335.57 and LKR 1,073.81 per pound(lb) in Colombo and Jaffna.
Wholesale prices
In 2024, the approximate wholesale price range for Sri Lanka millet is between US$ 1.68 and US$ 5.39 per kilogram or between US$ 0.76 and US$ 2.44 per pound(lb).
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Sri Lanka Millet Export Prices - Historical, Trends and Prediction
The export price per kilogram of Millet from Sri Lanka has seen a steady decline over the last five years. In 2012, the price was 2.50 US dollars per kg, but by 2021, it had dropped to 0.68 US dollars per kg. In 2013, the price was 0.50 US dollars per kg, followed by a sharp increase to 5.00 US dollars per kg in 2015. This was followed by a gradual decrease to 2.00 US dollars per kg in 2016 and 3.00 US dollars per kg in 2017. The price then dropped to 1.50 US dollars per kg in 2019 and 2.00 US dollars per kg in 2020. Based on this trend, it is likely that the export price per kilogram of Millet from Sri Lanka will continue to decrease in the coming years, with a predicted price of 0.50 US dollars per kg in 2023 and 0.25 US dollars per kg in 2024.The Sri Lanka millet exports are categorised as:
- Millet (excluding grain sorghum, and seed for sowing) (HS code 100829)
- Millet seed for sowing (excluding grain sorghum) (HS code 100821)
- Millet (excluding grain sorghum) (HS code 100820)
Sri Lanka Millet Import Prices - Historical, Trends and Prediction
The import price per kilogram of Millet into Sri Lanka over the last five years has been quite varied. In 2017, the price was 3.00 US dollars per kg, which was the highest in the last five years. This was followed by a decrease in the price to 2.00 US dollars per kg in 2016. In 2015, the price was 5.00 US dollars per kg, which was the highest in the last five years. The price then decreased to 0.50 US dollars per kg in 2013 and 2.50 US dollars per kg in 2012. In 2020, the price was 2.00 US dollars per kg and in 2021, the price was 0.68 US dollars per kg, which was the lowest in the last five years. Based on the data, it is predicted that the import price per kilogram of Millet into Sri Lanka in 2023 will be 1.50 US dollars per kg and in 2024 will be 1.00 US dollars per kg.Export values for Sri Lanka millet
The total values in export for millet in Sri Lanka were US$ 2, US$ 3, US$ 8 and US$ 3 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 Sri Lanka: 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.
Sri Lanka millet - Production, Exports, Imports, Seasons and HS Codes
In 2019 Sri Lanka shipped 2 tonnes of millet. Across 2019 alone, the demand for Sri Lanka millet (cereals/grains category) has shrunk, with a change of -33.333 pc compared to the year 2018. Between 2017 and 2019, millet's exports went up by 100 percent bringing Sri Lanka US$0.00m for the year 2019. Sri Lanka's millet exports are categorised as:
- Millet (excluding grain sorghum) (HS code 100820)
- Millet seed for sowing (excluding grain sorghum) (HS code 100821)
- Millet (excluding grain sorghum, and seed for sowing) (HS code 100829)
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Sri Lanka millet export values
In 2019, Sri Lanka shipped millet with a value of 0.00m USD, a reduction of -100.00% from 2018's total millet export of 0.008m USD. The yearly reduction in value of Sri Lanka millet between 2017 to 2018 was 166.667 pc.
The annual/yearly variation in the quantity of Sri Lanka's millet exports between 2017 and 2019 was 100% when compared to a variation of -33.333% in the growth rate between 2018 and 2019.
Sri Lanka's stake of the world's total millet's exports in 2019 was 10.7%. The country holds number 2 in world exports of millet.
Export markets for Sri Lanka millet ( in '000$ )
Sri Lanka's leading destinations for millet are Switzerland, the Maldives, United Kingdom (UK), France and New Zealand.
Import/Export Trends
Sri Lanka is a net exporter of millet. The annual growth of Sri Lanka millet in value between 2015 to 2019 was 42%, per year, while annual growth in quantity during the same period was 42%, per annum.
Sri Lanka purchased 4,759 tonnes of millet in 2019.
Production
The production of millet in Sri Lanka was 204 tonnes in 2019 and is projected to change by an average of 19.3%. The country had an estimated 210.00 hectares under millet cultivation.