What is the price of millet per kilogram/pound in Vietnam today?
The retail price range for Vietnam millet is between US$ 0.67 and US$ 1.67 per kilogram or between US$ 0.30 and US$ 0.76 per pound(lb). Click here to see today's exact prices of millet in Vietnam
The retail price range in Dong for millet is between VND 16,665.25 and VND 41,663.13 per kilogram or between VND 7,557.94 and VND 18,894.84 per pound(lb) in Hanoi and Ho Chi Minh City.
Wholesale prices
In 2024, the approximate wholesale price range for Vietnam millet is between US$ 0.47 and US$ 1.17 per kilogram or between US$ 0.21 and US$ 0.53 per pound(lb).
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Vietnam Millet Export Prices - Historical, Trends and Prediction
The export price of Millet from Vietnam has seen a steady decline over the past five years. In 2013, the export price per kilogram was 0.50 US dollars, but by 2017, it had dropped to 0.22 US dollars. In 2018, the price increased to 0.35 US dollars, and then rose again to 0.43 US dollars in 2019. This year, the export price per kilogram is 0.39 US dollars. Based on this trend, it is likely that the export price of Millet from Vietnam will continue to increase in the next few years, reaching 0.45 US dollars in 2023 and 0.50 US dollars in 2024.Vietnam Millet Import Prices - Historical, Trends and Prediction
The import price per kilogram of Millet into Vietnam has seen a steady decline over the past five years. In 2013, the price was 0.50 US dollars per kg, which dropped to 0.47 US dollars per kg in 2014. This trend continued in 2015, when the price fell to 0.34 US dollars per kg. In 2016, the price dropped further to 0.30 US dollars per kg, and then to 0.22 US dollars per kg in 2017. However, the price rose again in 2018 to 0.35 US dollars per kg, and then to 0.43 US dollars per kg in 2019. The most recent data shows that the price has dropped slightly to 0.39 US dollars per kg in 2020. Based on this trend, it is predicted that the import price per kilogram of Millet into Vietnam will be 0.33 US dollars per kg in 2023 and 0.27 US dollars per kg in 2024.Export values for Vietnam millet
The total values in export for millet in Vietnam were US$ 186, US$ 265, US$ 501 and US$ 328 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 Vietnam: 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.
Vietnam millet - Production, Exports, Imports, Seasons and HS Codes
In 2019 Vietnam shipped 756 tonnes of millet. Across 2019 alone, the demand for Vietnam millet (cereals/grains category) has decreased, changing by -47.207 % compared to the year 2018. Between 2017 and 2019, millet's exports went down by -36.26 percent netting the nation US$0.33m for the year 2019. Vietnam's millet exports are classified as:
- Millet (excluding grain sorghum) (HS code 100820)
- Millet (excluding grain sorghum, and seed for sowing) (HS code 100829)
- Millet seed for sowing (excluding grain sorghum) (HS code 100821)
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Vietnam millet export values
In 2019, Vietnam shipped millet costing 0.33m USD, a drop of -34.13% from 2018's total millet export of 0.501m USD. The yearly reduction in value of Vietnam millet between 2017 to 2018 was 89.057 percent.
The annual/yearly change in the amount of Vietnam's millet exports between 2017 and 2019 was -36.26 percent in comparison to a variation of -47.207% in the period between 2018 and 2019.
Vietnam's share of the world's total millet's exports in 2019 was less than 1%. The country holds number 51 in world exports of millet.
Export markets for Vietnam millet ( in '000$ )
Import/Export Trends
Vietnam is a net exporter of millet. The annual growth of Vietnam millet in value between 2015 to 2019 was -29%, per year, while annual growth in quantity during the same period was -34%, per annum.
Vietnam imported 2,556 tonnes of millet in 2019.
Production
The production of millet in Vietnam was 10,215 tonnes in 2019 and is estimated to change by an average of 1.04%. The country had approximately 4,548.00 hectares under millet cultivation.