The forecast for sorghum feed in Brazil reveals that the value stood at 2.14 million metric tons in 2023. Observing trends from 2014 to 2023, there were substantial fluctuations, such as a steep drop in 2016 and a significant recovery in 2017. The most recent years displayed a relatively stable pattern, with minimal year-on-year variations. From 2020 to 2023, the average annual growth rate was around -0.66%.
Looking forward, the data forecasts a slight but steady increase in sorghum feed volume up to 2028, with a 0.16% compound annual growth rate (CAGR) projected over the next five years. This suggests a gradual rise, with the total estimated to reach 2.16 million metric tons by 2028.
Future trends to watch for include potential impacts from climate change on crop yields, shifts in animal feed demand due to changes in the livestock industry, and potential policy changes affecting agricultural subsidies and trade dynamics.
