The millet market, which showed slight weakness last week, has now rebounded and stabilized within a defined trading range, supported mainly by feed mill demand and limited seller flexibility.
📊 Current Price Range – Regional Market Levels
- 🌾 Thal (plant-processed, good dry quality): Rs 8,700–8,800 per quintal
- 🌾 Rawalpindi arrivals: 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
👉 Market shows quality-based price divergence, with processed millet commanding stronger demand.
⚖️ Market Structure – Range-Bound Trading
The market is currently moving within a tight band:
- 📈 Upper level: ~Rs 8,800 → sellers actively offloading
- 📉 Lower level: ~Rs 8,200 → buyers re-enter, but sellers stop offering
👉 This creates a self-stabilizing price corridor
🛒 Demand Side – Feed Sector Driving Support
- 🐔 Feed mills are active buyers
- 🌽 Millet used as substitute for maize shortage
- 📊 Maize currently trading at Rs 3,200–3,300
👉 Millet demand is indirectly supported by tight corn availability
🌽 Forward Pressure – Maize Arrival Impact
- 🚜 Corn arrivals expected to increase
- 📉 Feed mills may reduce millet procurement
- ⚠️ Risk of demand shift back to maize
👉 This could weaken millet prices in the coming weeks
🔮 Market Outlook
- Short-term: Stable to range-bound trading expected
- Medium-term risk:
- 🌽 Rising corn supply → reduced millet demand
- 📉 Potential price softening
- Support factor:
- 🐔 Continued feed industry demand
🔚 Conclusion
Millet prices are expected to remain stable in the near term, but any significant increase in corn supply could shift demand away and place downward pressure on millet prices in the coming weeks.
The Agri-Crop editorial team comprises commodity market analysts, rice trade specialists, and agriculture industry professionals based in Pakistan. We track daily price movements, export data, and policy developments across Pakistan’s key agricultural sectors.
