In 2023, China's millet gross production was slightly below the forecasted value of 870.7 million USD for 2024. The projected growth from 2024 to 2028 indicates a steady increase, with the production value expected to reach 945.55 million USD by 2028, implying a consistent growth pattern. Year-on-year growth rates highlight a stable upward trend, reflecting an average annual increase as a compound annual growth rate (CAGR) over these five years.
Future trends to watch for include:
- Advancements in agricultural technology to boost millet yields.
- Potential shifts in domestic and international market demands for millet.
- Environmental factors such as climate change impacting crop production.
- Governmental policies and support for cereal production.
