Price for Cereals; Grain Sorghum, Other than Seed in Argentina - 2023
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Argentina (FOB) - 2023
- Exports of Cereals; Grain Sorghum, Other than Seed in Argentina
Price for Cereals; Grain Sorghum, Other than Seed in Argentina (FOB) - 2023
The average export price for cereals; grain sorghum, other than seeds stood at $300 per ton in February 2023, growing by 1.7% against the previous month. Overall, the export price enjoyed a mild expansion. The most prominent rate of growth was recorded in June 2022 an increase of 4.5% m-o-m. Over the period under review, the average export prices hit record highs in February 2023.
As there is only one major export destination, the average price level is determined by prices for China.
From May 2022 to February 2023, the rate of growth in terms of prices for China amounted to +1.1% per month.
Exports of Cereals; Grain Sorghum, Other than Seed in Argentina
In 2022, shipments abroad of cereals; grain sorghum, other than seeds decreased by -20.2% to 1.7M tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 360%. As a result, the exports attained the peak of 2.1M tons, and then dropped significantly in the following year.
In value terms, exports of cereals; grain sorghum, other than seeds shrank to $458M in 2022. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 524% against the previous year. As a result, the exports attained the peak of $492M, and then reduced in the following year.
| Export of Cereals; Grain Sorghum, Other than Seed in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 78.8 | 492 | 458 | 141.1% |
| Japan | 33.8 | N/A | N/A | N/A | 0% |
| Others | 2.9 | N/A | N/A | N/A | 0% |
| Total | 36.7 | 78.8 | 492 | 458 | 132.0% |
Top Export Markets for Cereals; Grain Sorghum, Other than Seed from Argentina in 2022:
- China (1.7M tons)
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This report provides an in-depth analysis of the sorghum market in Argentina.
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Global sorghum imports amounted to X thousand tons in 2015, growing by +X% against the previous year level.
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Explore the top import markets for grain, including China, Japan, Mexico, and more. Learn about the key statistics and market trends in the global grain import industry.
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Explore the top import destinations for sorghum and their key statistics. China, Japan, Mexico, Spain, Kenya, Sudan, Italy, South Sudan, Botswana, and New Zealand are among the leading importers. Find out more on IndexBox platform.
1414
In 2021, global sorghum production will grow by 5%, boosted by growing supplies to China. Sorghum imports to the country are expected to rise by 28% compared to the previous year, driven by the increasing demand for animal feed. Prices will continue to rise in line with other cereals, following accelerated food inflation. The advantage of sorghum as a more drought-tolerant crop will allow this product to compete seriously with corn and will further stimulate market expansion.
