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Sorghum prices in El Gedaref, Sudan, fell from SDG 460 to SDG 430 per ardeb while the official price stayed at SDG 500. Farmers blamed market flooding by state employees and financing parties buying cheaply through a workers' food programme, along with the exit of strategic stocks.
The local price drop reflects a regional oversupply rather than a global shift, so the effect on international sorghum prices is limited.
dabangasudan.orgDabangaApr 19, 2017Not 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.
