The millet market has experienced a slight downturn in prices in key regions like Haryana and Punjab, primarily due to government tender sales at reduced rates. Despite this, the market sentiment remains firm, supported by tight supplies and no significant new crops expected in the near term. Current prices in Haryana and Punjab are between USD 0.29–0.30/kg, a slight decrease from last week's USD 0.31/kg. However, with the government's stock nearing depletion and a reduced sowing of summer millet, the likelihood of further price declines seems limited.

📈 Current Market Prices

📉 Key Market Drivers

• Government tender sales have temporarily pressured the market.
• With the government stock nearly sold out, a price stabilization or increase is anticipated.
• Increased consumption of millet for food grains by 22% this year adds to the firm market sentiment.

⛅ Weather Forecast – Impact on Harvest

The upcoming weather conditions in Haryana and Punjab are expected to be predominantly dry, which might not significantly impact the current millet stocks but could affect the sowing and quality of the summer crop.

🔮 Price Forecast – Next 3 Days

Given the current market dynamics and weather conditions, millet prices in Haryana and Punjab are expected to remain stable, with potential slight increases due to the tightening supply.