How much is red sorghum per jin? Latest price trends
Sorghum is one of China's cash crops, and it can be used to make sorghum liquor. After processing, the sorghum grain becomes sorghum rice, which can be used to make noodles, mianyu (fish-shaped noodles), noodle rolls, pancakes, steamed cakes, sticky cakes, and more. So how much is red sorghum per jin? Is growing sorghum still profitable now?
1. How much is sorghum per jin at present?
At present, recent prices for Northeast sorghum have been trending steadily, and after the Start of Autumn the operating rate of downstream distilleries has risen, with demand beginning to be released. Looking at prices in the production areas, at present in the Chifeng area of Inner Mongolia, hulled and sieved sorghum, bulk grade, with a test weight above 740g/L and moisture below 14%, has an ex-factory price of 1.15 yuan/jin. The price is down 0.16 yuan/jin year on year, a decline of 12.12%. The price is basically flat month on month.
2. Is growing sorghum still profitable now?
1. Market demand
Since 2000, the amount of sorghum used in the market has continued to increase. Although the amount of sorghum used as a staple food has declined somewhat, the sorghum used for brewing liquor has been continuously increasing. In addition to well-known liquors that sell well in the market, such as Wuliangye and Moutai, sales of local liquors in some emerging liquor-producing areas, such as Northeast China and Inner Mongolia, are also booming. Demand for sorghum on the international market is also very large; Japan, South Korea and Southeast Asian countries alone need large amounts of sorghum as feed, so the international market also looks very promising.
2. Energy development
Among the many biomass energy crops, sweet sorghum, with its unique high sugar content, high biomass yield, high ethanol conversion rate and high stress resistance, has become an ideal crop that suits China's national conditions, fits China's land and climate conditions, and produces both energy and food. Its development and utilization have opened up a new path for diversifying the raw materials for producing fuel ethanol, and it has good prospects for development and application. Therefore, in the future, whether in terms of food use or energy development, sorghum still has great prospects for development.