Price for Cereals; Grain Sorghum, Other than Seed in India - 2023
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in India (FOB) - 2023
- Price for Cereals; Grain Sorghum, Other than Seed in India (CIF) - 2022
- Exports of Cereals; Grain Sorghum, Other than Seed in India
- Imports of Cereals; Grain Sorghum, Other than Seed in India
Price for Cereals; Grain Sorghum, Other than Seed in India (FOB) - 2023
In July 2023, the average export price for cereals; grain sorghum, other than seeds amounted to $410 per ton, approximately equating the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 14% month-to-month. Over the period under review, the average export prices attained the peak figure at $455 per ton in March 2023; however, from April 2023 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Bangladesh ($501 per ton), while the average price for exports to the United Arab Emirates ($325 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Cereals; Grain Sorghum, Other than Seed in India (CIF) - 2022
The average import price for cereals; grain sorghum, other than seeds stood at $38,357 per ton in 2022, growing by 4,471% against the previous year. In general, the import price continues to indicate a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Nigeria.
From 2012 to 2022, the rate of growth in terms of prices for Nepal amounted to -1.2% per year.
Exports of Cereals; Grain Sorghum, Other than Seed in India
In 2022, after three years of growth, there was significant decline in shipments abroad of cereals; grain sorghum, other than seeds, when their volume decreased by -35.4% to 27K tons. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 108% against the previous year. As a result, the exports reached the peak of 42K tons, and then contracted sharply in the following year.
In value terms, exports of cereals; grain sorghum, other than seeds shrank notably to $11M in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 84% against the previous year. As a result, the exports attained the peak of $14M, and then fell significantly in the following year.
| Export of Cereals; Grain Sorghum, Other than Seed in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1,789 | 1,664 | 2,957 | 2,486 | 11.6% |
| United Arab Emirates | 478 | 1,355 | 1,963 | 2,131 | 64.6% |
| Kuwait | 574 | 501 | 628 | 1,028 | 21.4% |
| Iran | N/A | 966 | 1,130 | 992 | 1.3% |
| Philippines | 1,805 | 627 | 216 | 900 | -20.7% |
| Qatar | 153 | 354 | 695 | 727 | 68.1% |
| Japan | 369 | 323 | 314 | 604 | 17.9% |
| Taiwan (Chinese) | 241 | 333 | 973 | 566 | 32.9% |
| Bahrain | 254 | 253 | 276 | 381 | 14.5% |
| Oman | 204 | 160 | 311 | 361 | 21.0% |
| Djibouti | N/A | N/A | 755 | N/A | 0% |
| Others | 508 | 1,123 | 3,903 | 907 | 21.3% |
| Total | 6,374 | 7,660 | 14,122 | 11,083 | 20.2% |
Top Export Markets for Cereals; Grain Sorghum, Other than Seed from India in 2022:
- United Arab Emirates (5.7K tons)
- Saudi Arabia (5.2K tons)
- Kuwait (2.6K tons)
- Iran (2.4K tons)
- Philippines (2.4K tons)
- Qatar (2.1K tons)
- Taiwan (Chinese) (1.5K tons)
- Japan (1.5K tons)
- Bahrain (1.0K tons)
- Oman (1.0K tons)
Imports of Cereals; Grain Sorghum, Other than Seed in India
In 2022, imports of cereals; grain sorghum, other than seeds into India shrank dramatically to 14 kg, dropping by -99.6% compared with 2021 figures. Overall, imports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2021 when imports increased by 1,665% against the previous year. As a result, imports attained the peak of 3.7 tons, and then declined sharply in the following year.
In value terms, imports of cereals; grain sorghum, other than seeds shrank significantly to $537 in 2022. In general, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 1,672%. As a result, imports reached the peak of $3.1K, and then contracted remarkably in the following year.
| Import of Cereals; Grain Sorghum, Other than Seed in India (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | N/A | N/A | N/A | 537 | 0% |
| Mozambique | N/A | 120 | N/A | N/A | 0% |
| Nepal | 127 | 33.0 | N/A | N/A | -74.0% |
| United Arab Emirates | N/A | N/A | 3,066 | N/A | 0% |
| Others | N/A | 20.0 | N/A | N/A | 0% |
| Total | 127 | 173 | 3,066 | 537 | 61.7% |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to India in 2022:
- Nigeria (14.0 kg)
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