Virtual Events

Sorghum Investment Opportunity

02Sep
Virtual Events

Sorghum is cultivated practically everywhere around the globe. China, Pakistan, India, Korea, and Thailand are the continent's five fastest-growing countries. In 38 nations in Sub-Saharan Africa, sorghum is widely grown. With global production of 1314 kg/ha, rich nations produce 3056 kg/ha, while poor nations produce 1127 kg/ha. The poor sorghum productivity in developing nations can be linked to biophysical, socioeconomic, and policy-related issues that have an impact on sorghum output both directly and indirectly. The low level of sorghum research investment in the development of human, financial, and material resources as well as the minimal input production system may be one factor. However, DA estimates that each acre may produce an average of 10 metric tons per year. Additionally, each acre could provide at least 40 tons of sorghum silage materials after each harvest, enough to feed 20 heads of cattle for a year (PNA, 2018).

Furthermore, sorghum is still produced in the Philippines today, albeit much less so than it was between 1970 and 1980. Sorghum was produced in 579 and 561 tons in 2019 and 2020, respectively. The Department of Agriculture, the Mindanao Development Authority, and other government organizations started a campaign to revive the faltering sorghum sector in order to counteract the effects of the ongoing reduction in sorghum output. In order to serve the nation's expanding poultry and cattle sectors, the Philippines Department of Agriculture began increasing sorghum production in 2018. (National Sorghum Producers, 2019).

In line with this, the European Chamber of Commerce of the Philippines will be hosting a webinar entitled, "Sorghum Investment Opportunity" which will be held on 29 August 2022 from 2:00 PM to 3:30 PM (GMT +8) via Zoom. The webinar aims to discuss and emphasize how sorghum production works and the investment opportunities it presents. By this means, the above-mentioned webinar will provide critical road and logistics infrastructures needed to be established for the growth of the mining, fishing, and tourist industries.


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