The forecasted data for sorghum feed and residual in Thailand from 2024 to 2028 shows a gradual but steady increase. The volume in 2023 stood at 48.0 thousand metric tons. From 2024 to 2025, there is no year-on-year variation, holding steady at 49.0 thousand metric tons. However, a slight increase of approximately 2% year-on-year is projected from 2025 to 2026, seeing the volume rise to 50.0 thousand metric tons. This level remains constant through 2028. The Compound Annual Growth Rate (CAGR) over the forecast period (2024-2028) illustrates a modest, steady growth, averaging around 0.8% per year.
Future trends to watch for include potential changes in government agricultural policies, technological advancements in sorghum cultivation, and shifts in domestic and international demand for feed grains. Additionally, any significant climate changes could impact production levels and market dynamics. Monitoring these factors will be crucial for stakeholders in the agricultural and feed industries.
