Australia, the largest supplier of sorghum to China, faces competition from the United States. Domestic price of sorghum in Australia rose to 2-month high, under the influence of the depreciation of the Australian dollar. Also, given changes in the pricing policy of China in relation to the corn, Australian farmers are planning to reduce the acreage under sorghum in the country.

The slowdown in imports from China may lead to an export surplus in the amount of 700 thousand tons in the current season. From the beginning, the Australian sorghum exports amounted to 244 thousand tons, and much of this volume was shipped to China.

Last week Chinese buyers purchased more than cheap American sorghum with a difference of $ 25./ton against the Australian proposal. In the US pressure on prices of sorghum has a declining corn market.