Sorghum Prices

Sorghum Prices September 2023

The rate of sorghum within the USA for september 2023 reached 280 USD/MT.

In September 2023, the rate of sorghum in China reached 276 USD/MT.

In Mexico, the price of sorghum reached 282 USD/MT in the same month.

Sorghum Price Trend, Market Analysis, and News

IMARC's latest publication, “Sorghum Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” presents a detailed examination of the sorghum market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of sorghum at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents a detailed sorghum price trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting sorghum pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Sorghum Market Analysis

The global sorghum market size reached 58.0 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 66.3 Million Tons, at a projected CAGR of 1.5% during 2023-2032.

• The growing awareness among the masses about the nutritional benefits of sorghum, such as its high fiber content, gluten-free nature, and rich nutrient profile is increasing the demand for sorghum-based products in developed and emerging markets. The rising health-consciousness is catalyzing the popularity of sorghum as a healthy alternative to refined grains.
• With the rise in gluten intolerance and celiac disease diagnoses, there is an increasing adoption of gluten-free grains like sorghum in gluten-free products as they can be tailored as per the needs of gluten-sensitive individuals.
• The ability of sorghum is thriving arid and semi-arid regions with minimal water requirements makes it an attractive crop for substantial agriculture. As issues about water scarcity and weather exchange is rising, the resilience and sustainability of sorghum is helping in the boom of the market.
• As per the content published on the official website of Malaysian Investment Development Authority (MIDA), the global animal feed market is projected to grow at a Compound Annual Growth Rate (CAGR) of 3.3% during 2023-2028. Sorghum is extensively used as animal feed, mainly for poultry, cattle, and swine. It provides a good source of energy and nutrients for livestock.
• The growing importance of sorghum as a staple food crop in regions with food security challenges is rising the need for human consumption and animal feed, thereby stimulating the growth of the market.
• Ongoing research and development (R&D) activities to improve sorghum varieties for improved yield, disease resistance, and nutritional quality are leading innovations in sorghum market, opening new opportunities for growth and diversification.
• The increasing use of sorghum as a feedstock for ethanol production is bolstering its market demand, especially in countries where ethanol blending mandates exist or where there is a push for renewable and environment-friendly fuel sources. The IMARC Group’s report shows that the global ethanol market is expected to reach US$ 151.4 Billion by 2032.

Sorghum News

The report covers the latest developments, updates, and trends impacting the price of sorghum, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, technological innovations, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the sorghum price trend.

Latest developments in the sorghum industry:

• In 2024, S&W Seed Company, a global agricultural technology company, announced the expansion of its novel and proprietary sorghum trait technology portfolio with the commercial launch of Double Team Forage Sorghum.
• In 2024, Farmers Edge™, a pure-play digital ag company, and the National Sorghum Producers (NSP) announced a new strategic partnership to improve sustainable farming practices for sorghum growers.

Product Description

Sorghum is one of the staple foods that is packed with essential vitamins, minerals, fiber, antioxidants, and protein. It is available in white, tan, orange, red, bronze and black colors. It is made by washing the grains, and then mixing them with water to soften the endosperm and passage through the standard roller mill.

Besides this, it is employed in the brewing of conventional alcoholic products. It is used to make flatbreads, porridge, couscous, and various other dishes. Its flour can also be utilized in producing gluten-free bread, cookies, and other baked goods.

Iron, magnesium, phosphorus, potassium, niacin, riboflavin, and thiamine can be consumed through sorghum. To prevent the risk of cancer and heart diseases, sorghum is highly preferred by healthcare professionals owing to the presence of antioxidants like phenolic compounds and flavonoids. People are also consuming sorghum to reduce cholesterol levels and manage their weight.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the sorghum price trend. 

Global Sorghum Price

The report offers a holistic view of the global sorghum pricing trends in the form of sorghum price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of sorghum, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed sorghum demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Sorghum Price

European sorghum prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

Detailed price information for sorghum can also be provided for an extensive list of European countries.

North America Sorghum Price

The analysis of sorghum prices in North America delves into the regional industry dynamics, encompassing the impact of local production and the trade flows between North America and other significant global markets.

Specific sorghum historical data within the United States and Canada can also be provided.

Middle East and Africa Sorghum Price

The report explores the sorghum pricing trends in the Middle East and Africa, considering factors like the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

Region-wise data and information on specific countries within these regions can also be provided.

Asia Pacific Sorghum Price

A detailed consideration of pricing for sorghum in the Asia Pacific region is examined, as the region represents one of the leading global producers and consumers of agricultural products, with prices dependent on factors related to supply chain, regional demand spikes, and global policy changes in the key markets.

This sorghum price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Sorghum Price

The analysis of sorghum prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, agricultural output, and trade frameworks.

This comprehensive review can be extended to include specific countries within Latin America.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of sorghum pricing, covering global and regional trends, spot prices at key ports, and a breakdown of FOB and CIF prices.
• The study examines factors affecting sorghum price trend, including input costs, supply-demand shifts, and geopolitical impacts, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The sorghum price charts ensure our clients remain at the forefront of the industry.