Price for Cereals; Grain Sorghum, Seed in Myanmar - 2022
Contents:
- Price for Cereals; Grain Sorghum, Seed in Myanmar (CIF) - 2022
- Imports of Cereals; Grain Sorghum, Seed in Myanmar
Price for Cereals; Grain Sorghum, Seed in Myanmar (CIF) - 2022
In 2022, the average cereals; grain sorghum, seed import price amounted to $1,000 per ton, which is down by -74.8% against the previous year. In general, the import price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 74% against the previous year. Over the period under review, average import prices attained the maximum at $3,972 per ton in 2021, and then dropped remarkably in the following year.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2016 to 2022, the rate of growth in terms of prices for Australia amounted to +10.2% per year.
Imports of Cereals; Grain Sorghum, Seed in Myanmar
In 2022, purchases abroad of cereals; grain sorghum, seeds decreased by -99.9% to 10 kg for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a dramatic curtailment. The pace of growth was the most pronounced in 2021 with an increase of 1,533% against the previous year. As a result, imports reached the peak of 8.1 tons, and then declined sharply in the following year.
In value terms, cereals; grain sorghum, seed imports reduced dramatically to $10 in 2022. In general, imports showed a precipitous setback. The most prominent rate of growth was recorded in 2021 when imports increased by 1,688% against the previous year. As a result, imports attained the peak of $32K, and then dropped significantly in the following year.
| Import of Cereals; Grain Sorghum, Seed in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Australia | 1.8 | 32.0 | N/A | 1677.8% | |
| United States | N/A | N/A | N/A | 0% | |
| Others | N/A | 0.2 | N/A | 0% | |
| Total | 1.8 | 32.2 | N/A | 1688.9% | |
Top Suppliers of Cereals; Grain Sorghum, Seed to Myanmar in 2022:
- United States (10.0 kg)
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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.
