Forecast: Sorghum Stock Variation in China

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.

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