The millet stock in the US has been on a downward trajectory since 2023. Starting from zero metric tons in 2023, the forecast for 2024 shows a significant decrease of 4000 metric tons. This trend continues with a consistent decline of 4000 metric tons in 2025, 5000 metric tons in 2026 and 2027, and accelerates to 6000 metric tons by 2028.
The year-on-year decrease rate around 2026 and 2027 indicates a steady 25% reduction, while the compound annual growth rate (CAGR) forecasts an average annual reduction rate starting from 2023.
Future trends to watch for include climatic impacts on millet production, shifts in agricultural policy that could affect crop yields, and changing consumer preferences toward grains which might alter supply chain dynamics.
