Year

2012

2013

2014

2015

2016

2017

2018

Sorghum for Feed (1000 MT)¹

400

1200

4800

10,700

8800

5800

5200

Sorghum Imports (1000 MT)¹

84

631

4161

10,162

8284

5209

4300

Proportion of Imported Sorghum in Feed (%)

21.00

52.58

86.69

94.97

94.14

89.81

82.69

Sorghum Imports (1000 MT)²

86.60

1078

5776

10,699

6648

5057

3620⁶

Price of Imported Sorghum (Dollars per MT)³

269.20

342.44

283.54

277.69

214.84

202.94

244.33⁵

Price of Corn (Dollars per MT)⁴

355.48

357.08

377.37

340.29

260.97

240.85

267.10⁶

Ratio of Price of Sorghum/Corn

0.76

0.96

0.75

0.82

0.82

0.84

0.91

Cross-Price Elasticity of Demand

-

-

-

1.80

1.46

1.34

-