The millet market, which weakened slightly last week, has rebounded this week. Buyers are showing little interest in raw (unprocessed) millet, while most shopkeepers prefer plant-processed millet, which sells more easily.
• Thal plant-processed, good dry quality: Rs 8,700–8,800 per quintal
• Rawalpindi arrival: Rs 9,100–9,150 per quintal
• Tharparkar quality: Rs 8,100–8,200 per quintal
• Lala Musa line: Rs 3,300–3,325 per maund
Currently, the market remains largely stable, with big stockiest trading within the Rs 8,200–8,800 range.
• When prices rise toward Rs 8,800, seller start selling.
• When the market drops toward Rs 8,200, buyers step in, but sellers halt offers at that level.
Feed mills are actively buying millet as they face a maize shortage and use it as an alternative. They currently purchase maize at Rs 3,200–3,300. However, as corn arrivals peak, millet buyers may reduce their purchases, which could drive prices lower.
