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The National Sorghum Producers highlight India as a long-term export target, citing a large population and a growing demand for higher-quality food. The current 50% tariff on US sorghum and the lack of a completed pest risk assessment are the main barriers.
India's E20 ethanol target could also pressure local grain supplies.
Access to India remains blocked by tariffs and phytosanitary requirements, so near-term US sorghum prices are unaffected, though a future opening would add demand.
sorghumgrowers.comArticle by Melissa KesslerNov 14, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
