The forecast for sorghum stock in India from 2024 to 2028 indicates a gradual improvement in stock levels. In 2023, stocks stood at an estimated negative margin close to 31,000 metric tons. As we move into 2024, there is a slight reduction to -30,000 metric tons, with a further gradual decline reaching -28,000 metric tons by 2028. Year-on-year, these values suggest a consistent reduction in the deficit. Over the five-year period, the compound annual growth rate (CAGR) significantly improves stock levels, suggesting a positive trend toward stabilization.
For future trends, attention should be given to:
- Government policies on agricultural production and subsidies.
- Impacts of climate change and monsoon patterns on sorghum cultivation.
- Development in agricultural technologies and practices.
- Global market trends affecting demand and supply dynamics.
