Introduction

Recent government actions have significantly impacted millet prices in the Haryana Punjab region, with a notable decrease to USD 28, 26/28,55. Continuous government auctions and sales to ethanol companies have suppressed price increases, affecting both market dynamics and farming decisions.

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Market Data Table

Market Drivers & Context

• Government sales at low prices are suppressing market values.
• High stock levels among traders are leading to financial losses.
• Fear of continued low prices is discouraging farmers from sowing millet.

3-Day Price Forecast

Outlook: Prices expected to remain stable or slightly decrease.

Fundamentals: Global Balance Sheet

Analysis of global supply and demand trends for millet.

Conclusion & Strategy

• Monitor government actions closely as they significantly impact market prices.
• Consider diversifying crops to mitigate risks associated with millet price volatility.
• Engage in futures contracts to lock in prices and hedge against further declines.

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