Price for Cereal Groats; Meal and Pellets in the United States - 2023

Contents:

1. Price for Cereal Groats; Meal and Pellets in the United States (CIF) - 2023
2. Price for Cereal Groats; Meal and Pellets in the United States (FOB) - 2023
3. Imports of Cereal Groats; Meal and Pellets in the United States
4. Exports of Cereal Groats; Meal and Pellets in the United States

Price for Cereal Groats; Meal and Pellets in the United States (CIF) - 2023

The average import price for cereal groats; meal and pelletses stood at $687 per ton in August 2023, which is down by -3% against the previous month. In general, the import price saw a slight curtailment. The most prominent rate of growth was recorded in September 2022 an increase of 3.2% month-to-month. As a result, import price attained the peak level of $850 per ton. From October 2022 to August 2023, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Canada ($676 per ton), while the price for Mexico amounted to $643 per ton.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+0.8%).

Price for Cereal Groats; Meal and Pellets in the United States (FOB) - 2023

In August 2023, the average export price for cereal groats; meal and pelletses amounted to $667 per ton, growing by 6.9% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 an increase of 12% m-o-m. Over the period under review, the average export prices attained the peak figure at $682 per ton in August 2022; however, from September 2022 to August 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Democratic Republic of the Congo ($817 per ton), while the average price for exports to Japan ($171 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+0.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cereal Groats; Meal and Pellets in the United States

Cereal groats; meal and pellets imports into the United States totaled 299K tons in 2022, picking up by 7.4% compared with the previous year's figure. The total import volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 22% against the previous year. As a result, imports attained the peak of 313K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, cereal groats; meal and pellets imports skyrocketed to $236M in 2022. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cereal Groats; Meal and Pellets to the United States in 2022:

1. Canada (242.6K tons)
2. Mexico (44.3K tons)
3. India (3.1K tons)

Exports of Cereal Groats; Meal and Pellets in the United States

In 2022, shipments abroad of cereal groats; meal and pelletses increased by 25% to 190K tons for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cereal groats; meal and pellets exports soared to $116M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cereal Groats; Meal and Pellets from the United States in 2022:

1. Canada (53.4K tons)
2. Democratic Republic of the Congo (52.2K tons)
3. Mexico (43.9K tons)
4. Haiti (17.4K tons)
5. Japan (7.8K tons)
6. Trinidad and Tobago (4.3K tons)

Source: IndexBox Market Intelligence Platform