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Millets are a family of tiny-seeded grasses grown as cereal crops for human and animal consumption. They are a diverse group of grains grown in many parts of the world, including Africa, Asia, and Europe.
They are high in nutrients, gluten-free, and have a low glycemic index, which means they release glucose into the bloodstream more slowly than other carbohydrates. They are also high in minerals like iron, magnesium, and phosphorus, as well as vitamins B and E.
They are grown in crop rotations to improve soil health and prevent erosion. Their deep root systems aid in the breaking up of hard soil and the improvement of soil structure, making it more fertile and resistant to erosion.
The top millet-producing countries are India, China, and Nigeria. Other than that, the leading exporting countries are Ukraine, India, the United States, Russia, and France.
Key Details About the Millets Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Millets price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The millets Price Trend, chart, including India millets price, USA millets price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting millets Price Trend:
Millets are used in the production of a variety of industrial products, including beer and distilled spirits. Millet is used to making biofuels in some areas.
Additionally, they are employed in the food industry, specifically as a gluten-free substitute for wheat and other grains. They are used in the production of a wide range of products, including breakfast cereals, baked goods, and snacks.
They are also used as livestock feed, particularly in areas where other feed sources are scarce or expensive. Cattle, sheep, and goats benefit from their high energy, protein, and mineral content.
News & Development:
- February 2023: AIIMS Delhi took a chance and issued recommendations to add healthful items to the canteen menu. According to the PTI report, the healthful additions to the menu included boiled eggs, milk, cereals, sprouts, chana, fruit salad, drinks, and more. In the same way, AIIMS Bhubaneswar has also lately included millet in their daily meals for students and indoor patients.
- Cargill India (Cargill, Incorporated)
- Bayer AG
- Mahyco (Maharashtra Hybrid Seeds Company Limited)
- Alta Seeds (Advanta Seeds US)
- Allied Seed, LLC
- Eastern Colorado Seeds, LLC (ECS)
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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