Thank you. Gary, for comparing the prices quoted in the IMARC report with what you are seeing o the ground, and also for bringing the perspective of grain quality standards into the picture.
I saw another one of these marketing reports this morning, on LinkedIn at https://www.linkedin.com/feed/update/urn:li:activity:7475884972009234432/ It was posted by Optiern Solutions today (6/25) and entitled "Global Millets Market: Strategic Insights & Forecast (2026-2033)." The lede is: "The global Millets Market is projected to grow from USD 12.4 Billion in 2025 to approximately USD 22.8 Billion by 2033, expanding at a CAGR of 7.9% during the forecast period." That CAGR, by the way, is a full 2 points higher than anything suggested by Renub Research in its reports. Not clear where that comes from or how it was generated. The Optiern Solutions post offers some key points that align with what one encounters in the other reports, and an outlink to the Market Research and News site where one can request a sample report on millets from October 2024: https://www.marketresearchandnews.com/download-sample/577380/ . However, a search of the latter organization's website did not come up with any current report on millets. (Market Research and News is based in Delaware.) Optiern's LinkedIn uses an AI-generated image that didn't illustrate millets in a helpful way. The post also tags 40 organizations which have "millets" in their name. I'll post to Collab separately about that, as it's a useful small data set. Optiern Solutions itself appears to operate currently only on LinkedIn. Its company page there uses the slogan "Navigating the Data Landscape," and includes a link to a blog with older material. Anyway, I started this reply thinking we had another new report to compare with the others, and found something rather less useful. Don DO, EL, MI, US NAMA PS- In July 2023, we had a short discussion on Collab about a market report on millets from yet another outfit, Market Data Forecast : https://lists.millets2023.space/archives/search?mlist=collab%40lists.millets2023.space&q=%22market+research%22 On Mon, Jun 22, 2026 at 3:51 PM Gary Wietgrefe <[email protected]> wrote: > Don, you just justified *Proso Millet Quality Grading Standards* released > by NAMA in 2025. > > Thank you for providing international millet price tracking and background > information. Although price by millet type is not stated, I assume: > 1.) Prices referenced in the IMARC links must be proso as that is the only > type available in quantities from North America. > 2.) Prices are FOB which would customarily be origination point, however > it could be at export terminals. > 3.) Is the millet stated in bulk, cleaned, bagged or (de)hulled? > > The reason I raise these points is 90% of 800 million pounds of North > American millet grain (proso) is grown in Colorado, Nebraska and South > Dakota with grower prices since 2024 stabilized in the range of $0.07-0.09 > cents/pound sold at local grain terminals. For a quick reference see USDA's > daily proso tracking reported as "white millet". See > *https://www.ams.usda.gov/mnreports/ams_2887.pdf > <https://www.ams.usda.gov/mnreports/ams_2887.pdf> * > > Notice the 10X price difference between grower and IMARC reporting. > Bin-run proso has been trading below ten cents/pound for a couple years > and IMARC reports US$ 1571 MT (or $0.71 cents/pound). There is not that > kind of margin in any grain except where quality segregates by food grade. > > Most U.S. proso would meet U.S. food grade requirements but is NOT bought > from growers nor sold by grain elevators using the new grading standards. > > In order for North American proso to be competitive as a grain and flour > substitute, growers and grain buyers MUST purchase, store, grade, and ship > proso using NAMA's *Proso Millet Quality Grading Standards*.....Gary > Wietgrefe > > > On Sun, Jun 21, 2026 at 4:45 PM Don Osborn via Collab < > [email protected]> wrote: > >> Several companies put out global market analyses for commodities, with >> website articles and for-sale publications (generally quite expensive). In >> the case of such reports on millets, I don't know how useful they actually >> are to businesses.. However, they seem worthy of noting, and do offer some >> interesting bits of information. >> >> Here are two I recently came across: >> >> 1. IMARC (two links) >> "Millet Prices Hit a 5-Year High in 2025: Nutrition Trends Drive Massive >> Market Shift," IMARC, 8 Dec. 2025 >> https://www.imarcgroup.com/news/millet-price-index >> >> "Millet Prices, Trend, Chart, Demand, Market Analysis, News, Historical >> and >> Forecast Data Report 2026 Edition," IMARC, n.d. >> https://www.imarcgroup.com/millet-pricing-report >> >> These focus on the US, China, Germany, UK, and France. My guess is that >> they are analyzing proso millet, which is the most traded of the millets, >> even if it is not the most produced. >> >> The first link above has this statement: "The global millet market reached >> 30.43 Million Tons in 2025 and is projected to grow to 34.1 Million Tons >> by >> 2034, at a CAGR of 1.26% during 2026–2034." According to figures I >> accessed >> a year or two ago, the estimated total production of all millets, >> including >> proso (but excluding sorghum), was on the order of 30 million MT/year. Th >> latter quantity, as I understand it, that would include a large percentage >> of production/consumption on household or local levels, which is not >> traded >> in ways that international businesses would find interesting. (I am in no >> way an expert on market analysis, so take my opinion only so far.) >> >> 2. Renub Research (two links) >> "Millets Market to Reach US$ 18.67 Billion by 2034 as Demand for >> Nutritious >> and Climate-Resilient Grains Accelerates," by Aman Ahirwar, Feast, May >> 2026 >> >> "Global Millets Market Report by Product, Application, Distribution >> Channels, Countries and Companies Analysis 2026-2034," Renub Research, >> n.d. >> https://www.renub.com/millets-market-p.php >> ' >> These spotlight the US, Germany, India, and Saudi Arabia, but with mention >> of a range of commercial initiatives involving millets going back to 2023. >> >> This report suggests that the millets market will experience a 5.21% CAGR >> (compound annual growth rate) over the period 2026-2034. In 2024, the same >> company (Renub Research) had estimated a 5.88% CAGR for 2024-2032. See my >> short post about that of 8 Sep. 2024 at >> >> https://lists.millets2023.space/archives/list/[email protected]/message/LE4LWILQG55LWS62J6VHIHFHWTLXHF3T/ >> . I have no suggestion as to the possible significance of that decline, >> and >> don't have access to a series of annual CAGR estimates to look for any >> trends.. >> >> >> Don Osborn, PhD >> (East Lansing, MI, US) >> North American Millets Alliance >> >> >> -- >> Collab mailing list -- [email protected] >> To unsubscribe send an email to [email protected] >> > > > -- > Author, Gary W. Wietgrefe, > https://www.RelatingtoAncients.com/ > Enjoy Wietgrefe's (pronounced "wit' grif") dozen books, patents, and > international research on millets, agronomy, cultural changes, travel > adventure, poetry, and history. > -- Collab mailing list -- [email protected] To unsubscribe send an email to [email protected]
