In 2023, sorghum residuals in the US stood at -940,000 metric tons. The forecasted data suggests a consistent decline in sorghum residuals, with a year-on-year increase in the negative value from 2024 to 2028. The values are anticipated to decrease by 3% from 2024 to 2025, 3% from 2025 to 2026, 4% from 2026 to 2027, and 2.8% from 2027 to 2028. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) indicates an average annual decline of approximately 3.4% in the volume of sorghum residuals.
Future trends to watch for include:
- Potential policy changes that might impact sorghum cultivation and usage.
- Technological advancements in sorghum processing that could reduce residuals.
- Market demand shifts due to changes in consumption patterns or alternative uses of sorghum.
