# Sorghum adding to exportable surplus - Mecardo

> ABARES' March crop report puts Australia's 2022/23 sorghum crop at 2.45 million tonnes, the fourth-highest on record, after a 14% yield decline offset an 8% rise in planted area. Most of the crop is expected to be exported rather than used domestically.

- Date: 2023-03-21 · published 2023-03-21T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/36921-sorghum-adding-to-exportable-surplus-mecardo
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

A large exportable Australian sorghum surplus adds competition in global feed grain markets, which is bearish for export prices.

## Read by commodity

- SORGHUM: bearish ▼

## Sources

- mecardo.com.au: https://mecardo.com.au/sorghum-adding-to-exportable-surplus/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.