The forecast for sorghum stock variation in the US from 2024 to 2028 indicates a steady reduction in negative stock levels, implying a gradual decrease in stock deficits. By 2028, the deficit is expected to decrease to 56,000 metric tons. In 2023, actual data showed notable stock depletion, reinforcing the ongoing trend. Year-on-year improvements reveal an average decline in stock deficits of roughly 11% annually, with a Compound Annual Growth Rate (CAGR) from 2024 to 2028 indicating consistent positive movement.
Future trends to watch include changes in domestic sorghum demand driven by biofuel policies and export demand growth from China. Additionally, climate change impacts and agricultural innovation could significantly affect production levels and stock adjustments.
