Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Mexico - 2024
Contents:
- Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Mexico (CIF) - 2024
- Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Mexico
Price for Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Mexico (CIF) - 2024
In August 2023, the average import price for seed; lucerne (alfalfa) seed, of a kind used for sowings amounted to $6,488 per ton, with an increase of 2.2% against the previous month. Over the last four months, it increased at an average monthly rate of +7.2%. The most prominent rate of growth was recorded in May 2023 an increase of 38% month-to-month. As a result, import price reached the peak level of $6,777 per ton. From June 2023 to August 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From April 2023 to August 2023, the rate of growth in terms of prices for the United States amounted to +7.2% per month.
Imports of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Mexico
In 2022, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings into Mexico soared to 8K tons, rising by 98% compared with the previous year. Over the period under review, imports, however, saw a drastic downturn.
In value terms, imports of seed; lucerne (alfalfa) seed, of a kind used for sowings skyrocketed to $49M in 2022. Overall, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 19.0 | 22.8 | 10.1 | 24.2 | 8.4% |
| Australia | 0.4 | 0.2 | 0.2 | 0.3 | -9.1% |
| Others | 19.5 | 23.0 | 10.3 | 24.6 | 8.1% |
| Total | 38.9 | 46.0 | 20.5 | 49.1 | 8.1% |
Top Suppliers of Seed; Lucerne (Alfalfa) Seed, of A Kind Used for Sowing to Mexico in 2022:
- United States (3.9K tons)
- Australia (0.1K tons)
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