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A regional outlook for East Africa shows 2022/23 sorghum production about 9% below average, with opening stocks 92% below average. Import needs in South Sudan and Somalia are expected to be above average, and prices are forecast to trend higher amid currency depreciation and insecurity.
Tight regional sorghum balances will lift import demand and local prices, though the impact on global feed grain prices is limited given the regional scale.
reliefweb.intMar 23, 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.
