Price for Cereals; Grain Sorghum, Seed in Sri Lanka - 2021
Contents:
- Price for Cereals; Grain Sorghum, Seed in Sri Lanka (CIF) - 2022
- Imports of Cereals; Grain Sorghum, Seed in Sri Lanka
Price for Cereals; Grain Sorghum, Seed in Sri Lanka (CIF) - 2022
The average cereals; grain sorghum, seed import price stood at $2,652 per ton in 2022, with a decrease of -8.6% against the previous year. Over the period under review, the import price recorded a noticeable slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 36% against the previous year. Over the period under review, average import prices attained the maximum at $4,000 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -2.3% per year.
Imports of Cereals; Grain Sorghum, Seed in Sri Lanka
In 2022, after two years of decline, there was significant growth in purchases abroad of cereals; grain sorghum, seeds, when their volume increased by 26% to 3.7 tons. In general, imports, however, showed a abrupt descent.
In value terms, cereals; grain sorghum, seed imports soared to $9.7K in 2022. Over the period under review, imports, however, continue to indicate a abrupt decrease.
| Import of Cereals; Grain Sorghum, Seed in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 14.4 | 10.9 | 8.4 | 9.7 | -12.3% |
| Others | N/A | 0.2 | N/A | N/A | 0% |
| Total | 14.4 | 11.0 | 8.4 | 9.7 | -12.3% |
Top Suppliers of Cereals; Grain Sorghum, Seed to Sri Lanka in 2022:
- India (3.7 tons)
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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.
