Price for Cereals; Grain Sorghum, Seed in the United States - 2023
Contents:
- Price for Cereals; Grain Sorghum, Seed in the United States (FOB) - 2023
- Price for Cereals; Grain Sorghum, Seed in the United States (CIF) - 2022
- Exports of Cereals; Grain Sorghum, Seed in the United States
- Imports of Cereals; Grain Sorghum, Seed in the United States
Price for Cereals; Grain Sorghum, Seed in the United States (FOB) - 2023
In July 2023, the average cereals; grain sorghum, seed export price amounted to $1,873 per ton, jumping by 101% against the previous month. Over the period under review, export price indicated prominent growth from July 2022 to July 2023: its price increased at an average monthly rate of +5.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, cereals; grain sorghum, seed export price decreased by -17.3% against February 2023 indices. The pace of growth was the most pronounced in August 2022 an increase of 105% m-o-m. Over the period under review, the average export prices attained the peak figure at $2,563 per ton in November 2022; however, from December 2022 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Uruguay ($3,864 per ton), while the average price for exports to Canada ($218 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uganda (+35.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Cereals; Grain Sorghum, Seed in the United States (CIF) - 2022
The average cereals; grain sorghum, seed import price stood at $1,585 per ton in 2022, remaining stable against the previous year. Over the period under review, the import price enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2018 when the average import price increased by 139% against the previous year. As a result, import price attained the peak level of $3,800 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($4,672 per ton), while the price for Canada ($517 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Cereals; Grain Sorghum, Seed in the United States
In 2022, the amount of cereals; grain sorghum, seeds exported from the United States totaled 23K tons, surging by 7.2% on the previous year. In general, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 17%.
In value terms, cereals; grain sorghum, seed exports skyrocketed to $46M in 2022. The total export value increased at an average annual rate of +12.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Cereals; Grain Sorghum, Seed in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 21.3 | 20.5 | 21.6 | 32.6 | 15.2% |
| Bolivia | 3.2 | 3.9 | 3.0 | 5.7 | 21.2% |
| Argentina | N/A | 0.3 | 0.8 | 1.2 | 100.0% |
| South Korea | 1.4 | 0.9 | 1.2 | 1.0 | -10.6% |
| Italy | 2.9 | 1.7 | 3.6 | 0.9 | -32.3% |
| France | 0.1 | 0.4 | 2.6 | 0.9 | 108.0% |
| Brazil | 0.2 | 0.8 | 0.5 | 0.8 | 58.7% |
| Canada | 0.2 | 0.3 | 0.4 | 0.3 | 14.5% |
| Haiti | 0.6 | 0.1 | N/A | N/A | -83.3% |
| Others | 2.5 | 3.2 | 2.9 | 2.3 | -2.7% |
| Total | 32.5 | 32.2 | 36.6 | 45.6 | 12.0% |
Top Export Markets for Cereals; Grain Sorghum, Seed from the United States in 2022:
- Mexico (16.0K tons)
- Bolivia (1.8K tons)
- Canada (1.2K tons)
- South Korea (0.6K tons)
- Brazil (0.5K tons)
- France (0.5K tons)
- Argentina (0.5K tons)
- Italy (0.2K tons)
Imports of Cereals; Grain Sorghum, Seed in the United States
In 2022, supplies from abroad of cereals; grain sorghum, seeds decreased by -31.6% to 262 tons, falling for the second consecutive year after two years of growth. In general, imports recorded a dramatic decrease. The pace of growth was the most pronounced in 2020 when imports increased by 65% against the previous year. As a result, imports reached the peak of 1.3K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, cereals; grain sorghum, seed imports dropped dramatically to $415K in 2022. Overall, imports continue to indicate a dramatic shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 81%. As a result, imports attained the peak of $1.9M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Cereals; Grain Sorghum, Seed in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 991 | 1,299 | 442 | 201 | -41.2% |
| Chile | N/A | 12.7 | 12.4 | 161 | 256.1% |
| Italy | 8.3 | 36.9 | 15.5 | 17.9 | 29.2% |
| Bolivia | N/A | 113 | 6.0 | 15.8 | -62.6% |
| Canada | N/A | N/A | N/A | 9.0 | 0% |
| Mexico | 3.9 | 170 | N/A | N/A | 4259.0% |
| Others | 44.1 | 260 | 123 | 10.6 | -37.8% |
| Total | 1,047 | 1,891 | 599 | 415 | -26.5% |
Top Suppliers of Cereals; Grain Sorghum, Seed to the United States in 2022:
- Argentina (153.2 tons)
- Chile (77.5 tons)
- Canada (17.4 tons)
- Italy (5.8 tons)
- Bolivia (5.5 tons)
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