Price for Cereal Groats and Meal; of Wheat in Ghana - 2022

Contents:

1. Price for Cereal Groats and Meal; of Wheat in Ghana (CIF) - 2022
2. Price for Cereal Groats and Meal; of Wheat in Ghana (FOB) - 2022
3. Imports of Cereal Groats and Meal; of Wheat in Ghana
4. Exports of Cereal Groats and Meal; of Wheat in Ghana

Price for Cereal Groats and Meal; of Wheat in Ghana (CIF) - 2022

In 2022, the average import price for cereal groats and meal; of wheats amounted to $807 per ton, with a decrease of -8.8% against the previous year. Over the period under review, the import price, however, enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 84%. Over the period under review, average import prices attained the peak figure at $885 per ton in 2021, and then shrank in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($808 per ton), while the price for Turkey amounted to $566 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.5%).

Price for Cereal Groats and Meal; of Wheat in Ghana (FOB) - 2022

The average export price for cereal groats and meal; of wheats stood at $681 per ton in 2022, which is down by -38.8% against the previous year. Overall, the export price, however, showed a pronounced increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by 139%. As a result, the export price reached the peak level of $1,111 per ton, and then shrank remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,204 per ton), while the average price for exports to Japan ($100 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+47.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Groats and Meal; of Wheat in Ghana

In 2022, approx. 33 tons of cereal groats and meal; of wheats were imported into Ghana; standing approx. at the previous year's figure. In general, imports continue to indicate a precipitous decline.

In value terms, imports of cereal groats and meal; of wheats shrank to $27K in 2022. Overall, imports continue to indicate a precipitous decline. The smallest decline of -9.3% was in 2021.

Top Suppliers of Cereal Groats and Meal; of Wheat to Ghana in 2022:

1. France (32.5 tons)

Exports of Cereal Groats and Meal; of Wheat in Ghana

In 2022, overseas shipments of cereal groats and meal; of wheats decreased by -77.9% to 1.2 tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 150% against the previous year. As a result, the exports attained the peak of 8.3 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of cereal groats and meal; of wheats dropped dramatically to $806 in 2022. Over the period under review, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 122% against the previous year.

Top Export Markets for Cereal Groats and Meal; of Wheat from Ghana in 2022:

1. Niger (616.0 kg)
2. United States (274.0 kg)
3. United Kingdom (240.0 kg)
4. Japan (30.0 kg)

Source: IndexBox Market Intelligence Platform