The sorghum stock in China is forecasted to decline over the next five years, from -488,000 metric tons in 2024 to -624,000 metric tons in 2028. Compared to 2023, where the stock level was notably higher, this represents a progressive annual decline. On average, the compound annual growth rate (CAGR) indicates a consistent downward trend over the period.
Future trends to watch for include:
- The impact of domestic demand and consumption patterns on stock levels.
- China’s agricultural policy and trade agreements influencing sorghum production and importation.
- Global market dynamics, including weather conditions and technological advancements affecting yield.
- Potential increases in substitution by alternative grains if prices rise.