Agriculture & Forestry Industry Market News

Sorghum seed market forecast to 2022 scrutinized in new research

The Global Sorghum Seed Market Research Report provides a detailed market overview along with the analysis of industry’s gross margin, cost structure, consumption value and sale price. The key companies of the Global Sorghum Seed market, manufacturers, distributors along with the latest development trends and Forecasts are detailed in the Report.

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Sorghum 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 seed is reproducing system of sorghum, it plays an important role for the continuation of species.

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The Global Sorghum Seed market is estimated to reach xxx Million USD in 2017.

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In the report, HeyReport says Sorghum Planting dominates the largest Application share in 2017.

The objective of report is to define, segment, and project the market on the basis of type, application, and region, and to describe the content about the factors influencing market dynamics, policy, economic, technology and market entry.

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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