What is the price of sorghum per kilogram/pound in South Korea today?
The retail price range for South Korea sorghum is between US$ 0.43 and US$ 0.72 per kilogram or between US$ 0.20 and US$ 0.33 per pound(lb). Click here to see today's exact prices of sorghum in South Korea
The retail price range in South Korean won for sorghum is between KRW 575.94 and KRW 959.90 per kilogram or between KRW 261.20 and KRW 435.33 per pound(lb) in Seoul and Busan.
Wholesale prices
In 2024, the approximate wholesale price range for South Korea sorghum is between US$ 0.30 and US$ 0.50 per kilogram or between US$ 0.14 and US$ 0.23 per pound(lb).
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South Korea Sorghum Export Prices - Historical, Trends and Prediction
The export price per kilogram of Sorghum from South Korea over the last five years has been quite varied. In 2017, the price was 4.00 US dollars per kg, followed by a sharp increase to 8.00 US dollars per kg in 2018. This was followed by a slight decrease to 7.00 US dollars per kg in 2020, before rising again to 8.50 US dollars per kg in 2021. The current export price per kilogram of Sorghum from South Korea is 7.00 US dollars per kg. Based on this data, it is predicted that the export price per kilogram of Sorghum from South Korea in 2023 will be 7.50 US dollars per kg and in 2024 will be 8.00 US dollars per kg.The sorghum exports from South Korea are classified as:
- Grain sorghum, for sowing (HS code 100710)
- Grain sorghum (excluding for sowing) (HS code 100790)
- Grain sorghum (HS code 100700)
South Korea Sorghum Import Prices - Historical, Trends and Prediction
The import price per kilogram of Sorghum into South Korea has seen a significant fluctuation over the past five years. In 2017, the price was 4.00 US dollars per kg, followed by a sharp increase to 8.00 US dollars per kg in 2018. This was followed by a slight decrease to 7.00 US dollars per kg in 2020. The price then rose again to 8.50 US dollars per kg in 2021. Currently, the import price per kilogram of Sorghum into South Korea stands at 7.00 US dollars per kg. Looking ahead, it is likely that the import price per kilogram of Sorghum into South Korea will remain relatively stable in the next two years. We predict that the price will remain at 7.00 US dollars per kg in 2023 and 2024.Export values for South Korea sorghum
The total values in export for sorghum in South Korea were US$ 46, US$ 12, US$ 8 and US$ 8 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Cereals/Grains category in South Korea: Wheat, Rye, Barley, Oats, Maize, Rice, Buckwheet, Millet, Canary seed & Fonio.
See prices of sorghum in other countries across Asia: Kazakhstan sorghum, Kyrgyzstan sorghum, Tajikistan sorghum, Turkmenistan sorghum, Uzbekistan sorghum, China sorghum, Hong Kong sorghum, Macao sorghum, North Korea sorghum & Mongolia sorghum.
South Korea sorghum - Production, Exports, Imports, Seasons and HS Codes
The volume of sorghum exported by South Korea in 2020 was 4 metric tons. In 2019 South Korea exported 1 tonnes of sorghum. Through 2019 alone, the market for South Korea sorghum (cereals/grains category) has been relatively stable, changing by 0 % compared to the year 2018. Between 2017 and 2019, sorghum's exports reduced by -66.67% netting South Korea US$0.01m for the year 2019. South Korea's sorghum exports are classified as:
- Grain sorghum (HS code 100700)
- Grain sorghum, for sowing (HS code 100710)
- Grain sorghum (excluding for sowing) (HS code 100790)
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South Korea sorghum export values
In 2019, South Korea exported sorghum valued at 0.01m USD, an increase of 25.00% from 2018's total sorghum export of 0.008m USD. The yearly growth in value of South Korea sorghum between 2017 to 2018 was -33.333 pc.
The annual/yearly change in the quantity of South Korea's sorghum exports between 2017 and 2019 was -66.67% when compared to a variation of 0% in the growth rate between 2018 and 2019.
Export markets for South Korea sorghum ( in '000$ )
South Korea's best performing export markets for sorghum are US, Canada, Japan, Bangladesh and Malaysia.
South Korea bought 4,034 tonnes of sorghum in 2019.
Production
The production of sorghum in South Korea was 8,214 tonnes in 2019 and is projected to change by an average of 0.88%. The country had an estimated 4,656.00 hectares under sorghum cultivation.