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Image by Manikanth Halyal

What are Millets?

Millets are a group of highly nutritious, gluten-free grains widely cultivated in many parts of the world. Packed with essential vitamins, minerals, and dietary fiber, millets offer numerous health benefits. They are drought-resistant, environmentally sustainable, and a valuable resource in addressing global food security and nutritional challenges.

Why Millets are the grain of the future?

Nutritionally:-

  • Millets are a health-promoting grain with a superior micronutrient profile

  • It helps in managing diabetes, because of its Low Glycemic Index

  • It can be eaten by Celiac disease patients and are helpful in managing Cardiovascular Disease

  • It helps in managing weight and obesity

For a sustainable future:-

Millets encourage sustainable farming practices by thriving in diverse climates with minimal chemical inputs. Their efficient water usage and resilience reduce the environmental impact of agriculture. Crop rotation with millets enhances soil fertility and reduces the need for synthetic fertilizers

How are they priced around the world?

The pricing of millets can vary significantly based on several factors, including geographical location, production levels, demand, and local agricultural policies. Let’s analyse their prices in some locations:-

India

Millets are commonly grown and consumed in India, with states like Karnataka, Andhra Pradesh, and Telangana being major producers. Prices can vary based on the type of millet but generally, they are more affordable compared to other grains like rice or wheat due to their indigenous cultivation and local popularity.

Africa

Several African countries, such as Nigeria, Niger, Mali, and Burkina Faso, are significant millet producers. Prices here can fluctuate based on factors like climate conditions, local demand, and availability. In many regions, millets are a staple food, and prices might be relatively stable compared to other cereals.

USA and Europe

Millets are not as commonly consumed or produced in these regions compared to Asia and Africa. However, there has been a growing interest in millets due to their nutritional value, leading to niche markets. In these markets, prices can be higher due to lower production levels and the cost of importing from regions where millets are traditionally grown.

The Factors that influence the price:-

Global Market Trends: Overall, millet prices in the global market can be influenced by factors such as weather conditions affecting crop yields, global demand for gluten-free and nutritious grains, and trade policies impacting import/export costs.

Organic and Specialty Markets: In niche markets focusing on organic or specialty grains, millet prices might be higher due to the additional costs associated with organic certification or specific cultivation methods.

Availability and Seasonality: Prices can also fluctuate seasonally based on harvest cycles and local availability. In regions where millets are a staple, prices might decrease after harvest season due to increased supply. 

Packaging and Processing: The level of processing and packaging can also affect the price. Whole millets might be cheaper compared to processed or packaged millet products like flour or flakes.

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