Global Sorghum Seeds Market

Global Sorghum Seeds Market

  • July 2017 •
  • 199 pages •
  • Report ID: 5023892
Sorghum, popularly known as milo, is used as food, feed and for industrial applications. The crop is the fifth largest cereal grain in the world. Sorghum plantation is increasing continuously as the crop is gaining importance as a versatile plant that can tolerate drought, soil toxicities, a wide range of temperatures and high altitudes.

Sorghum originated in the African continent but was taken to the warm and dry areas of all the other continents. The crop is currently grown in over 66 countries, with African countries leading the production figure. With more than 9.7 million tons of production, the US is the largest producer of sorghum in the world. The other major producers of the crop are India, Nigeria, Sudan, and Ethiopia. The global average annual yield for the 2010 sorghum crop was 1.37 tons per hectare. The major categories of sorghum are white sorghum, tannin sorghum, and mixed sorghum. The planting area under sorghum has reportedly increased by 65-70% over the past fifty years, while yield has increased by more than 200%. 50% of the world’s sorghum is used for livestock and the other 50% is used by humans and for other applications. Most of the human consumption occurs in low-income countries, while high-income countries use sorghum as a component in livestock feed or to produce ethanol.

The major exporting countries for sorghum seeds are the United States, Argentina, and Australia. Asian countries like China, India and Japan, and EU countries are the important destinations for sorghum import. Farmers rely mainly on informal seed sources like saved seeds or seeds sourced through informal networks for seed demand. High return on seed sales stimulates private sector investments in R&D, seed production, and seed marketing.

The potential acreage has increased mainly in Argentina, Brazil and the United States due to commodity price support. This is expected to create a growing demand for sorghum seed consumption globally. The agreement between China and Argentina for sorghum trade would help in a jump in prices that would result in a further increase in sorghum seed usage in growing acreages. In the African countries, the local governments have included improved varieties of sorghum in seed subsidy programs and have agreed to provide a fertilizer subsidy program for sorghum. The governments are buying seeds from seed companies and selling them to farmers at almost half the market price.

The global sorghum market report covers the following information –

Sorghum production
Global consumption
Global trade (export-import) scenario and statistics
Major enterprises and traders operating in the market
Price trend and seasonality of the crop
Future outlook of the crop market

Stakeholders who would benefit -

Sorghum growers
Enterprises providing agricultural inputs
Traders and companies operating in the segment
Crop processing companies
Crop importers and exporters
Investors/research institutions interested in the crop market

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Country=SouthernEurope Industry=AgriculturalProducts ParentIndustry=Agribusiness Date=201707 Topic=MarketSize Publisher=MordorIntelligenceLLP Price=4000