Sorghum production at farm gate in Mexico is projected to increase from 663.99 million euros in 2024 to 696.38 million euros in 2028. This forecast demonstrates steady annual growth. The actual value in 2023 was 655.97 million euros. There is a year-on-year growth of approximately 1.26% from 2023 to 2024, and this trend continues with annual increases of around 1.26% to 2.00% over the forecasted period. The cumulative annual growth rate (CAGR) over the five years is expected to be around 1.2%-1.3%.
Future trends to watch for include potential impacts from climate change on crop yields, shifts in domestic and international demand, technological advancements in agriculture, and changes in government policies affecting sorghum production and trade.
