Price for Cereals; Grain Sorghum, Other than Seed in Paraguay - 2024
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Paraguay (FOB) - 2022
- Exports of Cereals; Grain Sorghum, Other than Seed in Paraguay
Price for Cereals; Grain Sorghum, Other than Seed in Paraguay (FOB) - 2022
The average export price for cereals; grain sorghum, other than seeds stood at $197 per ton in 2022, jumping by 19% against the previous year. Overall, export price indicated a temperate expansion from 2013 to 2022: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for cereals; grain sorghum, other than seeds increased by +59.5% against 2020 indices. The pace of growth appeared the most rapid in 2014 an increase of 42%. As a result, the export price reached the peak level of $208 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($201 per ton), while the average price for exports to Chile ($189 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+81.6%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Cereals; Grain Sorghum, Other than Seed in Paraguay
In 2022, shipments abroad of cereals; grain sorghum, other than seeds increased by 3,771% to 28K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of cereals; grain sorghum, other than seeds skyrocketed to $5.5M in 2022. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Grain Sorghum, Other than Seed in Paraguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 225 | 196 | 9.7 | 3,561 | 151.1% |
| Uruguay | 308 | 203 | 80.0 | 1,783 | 79.6% |
| Chile | N/A | N/A | N/A | 194 | 0% |
| Philippines | 198 | 117 | 10.4 | N/A | -77.1% |
| United Arab Emirates | 102 | 55.1 | 6.8 | N/A | -74.2% |
| Taiwan (Chinese) | 502 | 352 | 13.1 | N/A | -83.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,336 | 923 | 120 | 5,538 | 60.6% |
Top Export Markets for Cereals; Grain Sorghum, Other than Seed from Paraguay in 2022:
- Brazil (17.7K tons)
- Uruguay (9.4K tons)
- Chile (1.0K tons)
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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.
