Forecast: Sorghum Feed in South America

Sorghum feed volumes in South America have shown a general decline from 5.74 million metric tons in 2014 to 4.43 million metric tons in 2023, indicating a downturn trend. The year-on-year variation for 2023 was -1.58%, consistent with prior years’ pattern of annual decline, and the five-year CAGR from 2019 to 2023 stood at -1.39%. Notable annual swings included a -12.34% drop in 2016 and a -6.02% decline in 2015. However, 2017 saw a 6.11% increase. Projections indicate a further decrease to 4.07 million metric tons by 2028, with a forecast 5-year CAGR of -1.38%.

Future trends to watch:

  • Potential impacts of climate change on sorghum yield and production.
  • Changes in demand for sorghum feed due to shifts in livestock farming practices.
  • Technological advancements in agricultural methods and their adoption rates.

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