Forecast data for sorghum feed in the Philippines indicates a consistent value of 21.0 thousand metric tons for 2024 and 2025, and an increase to 22.0 thousand metric tons from 2026 to 2028. This stability suggests modest growth expectations in the near term. Reviewing previous years, consumption in 2023 stood at 20.0 thousand metric tons, which translates to a 5% year-on-year increase for 2024. The CAGR from 2023 to 2028 is approximately 1.9%, indicating a stable and modest growth trend.
Future trends to watch for include potential shifts in agricultural policies, changes in local feed demand due to livestock production variations, and international trade dynamics influencing sorghum availability and prices. Monitoring these factors will be crucial for anticipating any significant shifts in the forecasted steady growth.
