Global millet market rebounds in 2024 despite shrinking imports
The global millet market experienced mixed fortunes in 2024, with sales and finance showing signs of recovery after recent declines. Meanwhile, imports continued their downward trend.
The global millet market sales value surged by X% in 2024, reaching $X. This growth was driven by an average annual increase of X% from 2012 to 2024. However, millet imports decreased by X% to X tons in 2024, marking the third consecutive year of decline.
On the export front, millet exports rebounded by X% to X tons in 2024, ending a two-year declining trend. Key exporters included India, Ukraine, Russia, the United States, France, and Uzbekistan. Notably, the European Union produced around 56.4 million tons of barley, while Russia's exports fell from 695,000 tons to 310,000 tons in the 2024/25 period. France also saw increased export forecasts, reaching 5.7 million tons of barley exported in 2025/26.
India retained its position as the largest producer of millet, with a volume of X tons and a share of X%. Despite the slight reduction in global average yield to X tons per ha, global millet production rose modestly to $X in 2024.
In summary, the global millet market showed resilience in 2024, with increased sales and exports. However, imports continued to decline. Key players like India and the European Union maintained their significant roles in the market, while Russia's exports saw a notable decrease.
