The production of alfalfa hay was 1,424,205.5 metric ton in 2017. The market is expected to register a CAGR of 5.5% during the forecast period (2020-2025). Currently, there are no imports of alfalfa into the country. However, the country imports seeds for cultivating alfalfa from other countries, such as Australia, United States, and the United Arab Emirates.
Key Market Trends
Rise in Prices Driving the Market
The prices in Sudan are on the rise, however, this is restricted to Sudan. Forex rate has also to play a major role in this. The overall prices are relatively stable or are falling. Factors that tend to dampen the alfalfa hay market include – large inventories of feeder hay-dry cow hay, in the case of Idaho and Washington State. The Saudi imports of alfalfa hay are likely to increase, the additional 825,000 metric ton of projected imports are expected to be worth roughly USD 250 million per year at 2016 prices. The import subsidy for alfalfa hay is currently USD 59 per metric ton, all of this is likely to improve the export scenario for Sudan and is likely to be profitable for the companies engaged in alfalfa production.
Increasing Production within the Country
The production of alfalfa in Sudan is showcasing a consistently increasing trend since 2012. One of the main reasons being the increasing investments in the country by various foreign firms, especially from the GCC countries. Khartoum is one of the major states in Sudan, with a share of more than 50% of total forage crop cultivation in the country. The UAE-based companies, such as Amtaar Investment and GLB, started investing in Sudanese land toward forage production from 2011, and the companies are widely adopting centralized pivots toward increasing productivity through improvement in water usage efficiency.
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This product will be delivered within 2 business days.
Key Market Trends
Rise in Prices Driving the Market
The prices in Sudan are on the rise, however, this is restricted to Sudan. Forex rate has also to play a major role in this. The overall prices are relatively stable or are falling. Factors that tend to dampen the alfalfa hay market include – large inventories of feeder hay-dry cow hay, in the case of Idaho and Washington State. The Saudi imports of alfalfa hay are likely to increase, the additional 825,000 metric ton of projected imports are expected to be worth roughly USD 250 million per year at 2016 prices. The import subsidy for alfalfa hay is currently USD 59 per metric ton, all of this is likely to improve the export scenario for Sudan and is likely to be profitable for the companies engaged in alfalfa production.
Increasing Production within the Country
The production of alfalfa in Sudan is showcasing a consistently increasing trend since 2012. One of the main reasons being the increasing investments in the country by various foreign firms, especially from the GCC countries. Khartoum is one of the major states in Sudan, with a share of more than 50% of total forage crop cultivation in the country. The UAE-based companies, such as Amtaar Investment and GLB, started investing in Sudanese land toward forage production from 2011, and the companies are widely adopting centralized pivots toward increasing productivity through improvement in water usage efficiency.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
Methodology
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