APAC holds the largest market share and growth rate in the Millet and Sorghum Ancient Grains Market. HYDERABAD, TELANGANA, INDIA, May 9, 2018 /EINPresswire.com/ -- According to the new market research report by IndustryARC titled “Millet and Sorghum Ancient Grains Market: By Ancient Grain Type (Millet, Sorghum); By Application (Bakery & Confectionary, Sports Nutrition, Infant Formula, Cereals, Animal Feed) & By Geography – With Forecast (2018- 2023)”, the consumers in developed nations drive up the demand; prices are rising everywhere, including in developing nations where these grains have been affordable staples. APAC held the largest market share in the Millet and Sorghum Ancient Grains Market APAC holds the largest market share and growth rate in the Millet and Sorghum Ancient Grains Market and is anticipated to reach $6.7 billion by 2023 at a CAGR of -0.8%. The demand for Millet and Sorghum Ancient Grains Market mainly derives from the poultry and beef … [Read more...] about Millet and Sorghum Ancient Grains Market is anticipated to hit $9.4 billion by 2023 at a CAGR of 1.8%.
Sorghum grain prices
U.S. ethanol makers have joined global livestock producers to snap up discounted American sorghum supplies after buyers in China backed out of deals due to stiff anti-dumping tariffs on the grain imposed by Beijing in a mounting trade dispute.Sorghum is used to feed animals and represents a fraction of the billions of dollars of goods that move between the world's two largest economies. The trade conflict between the United States and China has already hit shipments of agricultural produce and threatens to disrupt the flow of everything from steel to electronics.China is the biggest buyer of U.S. sorghum, and the exit of Chinese buyers from the market caused sorghum prices to fall. In the United States, ethanol companies in Kansas and Texas have moved quickly to take advantage of the cheaper sorghum prices, using it instead of corn.They have already bought enough sorghum to operate biofuel plants through July, ethanol makers and grain traders said.Conestoga Energy Partners LLC bought … [Read more...] about U.S. ethanol makers snap up cheap sorghum after China tariffs
OMAHA, Neb. — American sorghum farmers fear they will lose their largest export market if China follows through with a tariff on their crop. China imposed preliminary anti-dumping tariffs of 178.6 percent on U.S. sorghum this week as part of its ongoing trade dispute with the U.S. President Donald Trump has threatened to raise tariffs on up to $150 billion of Chinese goods to counteract what he says are that country's unfair trade policies. Sorghum farmers like Don Bloss in southeast Nebraska are caught in the crossfire. Bloss said the tariff news isn't enough for him to change what he plants this year, but farmers will have to adjust if the tariff is enacted. "We can't make real quick decision," he said. It won't be easy replacing the Chinese market. Last year, Chinese buyers purchased more than 90 percent of the 245 million bushels of sorghum America exported. "Basically, this will shut off grain sorghum exports to China for the United States," said Mark Welch, an agricultural … [Read more...] about U.S. sorghum growers fear China tariffs could cost them dearly
Several China-bound ships carrying U.S. sorghum exports have changed course since China's government announced a new tariff targeting the U.S. grain industry this week. Reuters reports that 20 ships carrying over 1.2 million tons of U.S. sorghum are currently at sea, with at least five of them announcing new courses after China's government announced a new tariff on sorghum Tuesday morning. The grain on board the 20 ships is valued at more than $216 million, but China is now forcing grains handlers to pay a 178.6 percent tariff of the value of the shipments as a deposit upon arriving. U.S. sorghum is relatively cheap in China due to artificial price inflation, which experts say allows the country to target a U.S. export from typically red states. China started mass importing sorghum in 2014, as a result of inflated grain prices set by China's government. China announced the tariff on sorghum this week alongside an action meant to free up restrictions on … [Read more...] about Report: Ships carrying US sorghum stuck at sea after China imposes tariffs
China's government announced a new tariff on U.S. grain Tuesday morning while simultaneously bowing to U.S. demands on automobile imports, CNBC reports. The country announced a 178 percent tariff on imports of U.S. sorghum, a type of grain used in food and biofuel production, the news channel reports, but at the same time announced a loosening of restrictions surrounding automobile imports, delivering a win to U.S. manufacturers. China's government followed up on a promise last week from President Xi Jinping and announced a five-year timetable for the loosening of restrictions on auto and other manufacturing imports. The move comes after President TrumpDonald John TrumpTrump asking Arab nations to replace US military in Syria after defeat of ISIS: report Columbia presses on with scholarship program for displaced Syrians despite Trump travel ban Dershowitz confronts Hannity: 'You should have disclosed your relationship with Cohen' MORE's latest round of tariffs targeting China … [Read more...] about China orders new tariff on US grain, but eases rules for auto sales