As much as sorghum price is concerned, December was a month not to remember by Brazilian sellers
Market & Price Trends
Published Dec 31, 2020
Brazilian Sorghum prices were one of the most appreciated out of all cereal and grain crops in 2020, second only to rice. In December however, prices fell sharply by 16.7%, according to a cooperative located in the state of Goias. On YTD it has appreciated 61.3%, still among the cereal crops with the highest appreciation in the country, and far above the Brazilian 'Real' currency devaluation of 28.5% against the US dollar.