Price for Cereal Groats; Meal and Pellets in Singapore - 2022

Contents:

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

Price for Cereal Groats; Meal and Pellets in Singapore (CIF) - 2022

The average import price for cereal groats; meal and pelletses stood at $1,297 per ton in September 2022, reducing by -7.2% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when the average import price increased by 37% m-o-m. As a result, import price reached the peak level of $1,994 per ton. From April 2022 to September 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was India ($1,932 per ton), while the price for Australia ($881 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+0.6%), while the prices for the other major suppliers experienced a decline.

Price for Cereal Groats; Meal and Pellets in Singapore (FOB) - 2022

The average export price for cereal groats; meal and pelletses stood at $1,386 per ton in 2022, jumping by 34% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 46%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Myanmar ($2,069 per ton), while the average price for exports to Cambodia ($510 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 Indonesia (+10.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cereal Groats; Meal and Pellets in Singapore

In 2022, approx. 9.1K tons of cereal groats; meal and pelletses were imported into Singapore; growing by 157% compared with the year before. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cereal groats; meal and pellets imports surged to $10M in 2022. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cereal Groats; Meal and Pellets to Singapore in 2022:

1. Malaysia (5.9K tons)
2. India (1.5K tons)
3. Australia (0.7K tons)
4. United States (0.2K tons)
5. Netherlands (0.2K tons)
6. China (0.2K tons)
7. Italy (0.1K tons)

Exports of Cereal Groats; Meal and Pellets in Singapore

In 2022, shipments abroad of cereal groats; meal and pelletses decreased by -42.5% to 125 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a dramatic curtailment. The growth pace was the most rapid in 2020 when exports increased by 20% against the previous year. As a result, the exports reached the peak of 305 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cereal groats; meal and pellets exports fell sharply to $173K in 2022. In general, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 5.5%. As a result, the exports attained the peak of $271K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Cereal Groats; Meal and Pellets from Singapore in 2022:

1. Indonesia (91.3 tons)
2. Malaysia (21.8 tons)
3. Myanmar (6.0 tons)
4. Cambodia (3.1 tons)

Source: IndexBox Market Intelligence Platform