Price for Cereals; Grain Sorghum, Other than Seed in Mexico - 2023
Contents:
- Price for Cereals; Grain Sorghum, Other than Seed in Mexico (CIF) - 2023
- Imports of Cereals; Grain Sorghum, Other than Seed in Mexico
Price for Cereals; Grain Sorghum, Other than Seed in Mexico (CIF) - 2023
In April 2023, the average import price for cereals; grain sorghum, other than seeds amounted to $353 per ton, approximately mirroring the previous month. Overall, the import price showed slight growth. The import price peaked in April 2023.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From December 2022 to April 2023, the rate of growth in terms of prices for the United States amounted to +1.5% per month.
Imports of Cereals; Grain Sorghum, Other than Seed in Mexico
Imports of cereals; grain sorghum, other than seeds into Mexico surged to 221K tons in 2022, growing by 395% against 2021. Over the period under review, imports, however, saw a sharp decrease.
In value terms, imports of cereals; grain sorghum, other than seeds soared to $65M in 2022. Overall, imports, however, continue to indicate a dramatic descent.
| Import of Cereals; Grain Sorghum, Other than Seed in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 136 | N/A | 10.6 | 64.6 | -22.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 136 | N/A | 10.6 | 64.6 | -22.0% |
Top Suppliers of Cereals; Grain Sorghum, Other than Seed to Mexico in 2022:
- United States (221.4K tons)
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This report provides an in-depth analysis of the sorghum market in Mexico.
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This report provides an in-depth analysis of the sorghum market in Mexico.
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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.
1356
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.
