Sudan Alfalfa Hay Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Sudan Alfalfa Hay Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Sudan alfalfa hay market is projected to register a CAGR of 5.5% during the forecast period (2021-2026).

COVID-19 can affect the alfalfa market in many ways by directly affecting production and demand, by creating supply chain and market disruption. Since the economic shock of South Sudan’s secession in 2011, the Sudanese economy has been in a downward suffering from various economic problems till 2019 and it is coupled with this pandemic which led to high agriculture commodity prices including alfalfa hay.

The production of alfalfa in Sudan is showcasing a consistently increasing trend since 2012. One of the main driving factors is the increasing investments in the country by various foreign firms, especially from the GCC countries. 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 TrendsRise 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 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 Sudan imports of alfalfa hay are likely to increase, the additional 825,000.0 metric ton of projected imports are expected to be worth roughly USD 250.0 million per year at 2016 prices. The import subsidy for alfalfa hay is currently USD 59.0 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 major driving factors is 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. This high demand has prompted both local and foreign entrepreneurs on a large scale in several parts of the country. To cover the mounting demand for alfalfa in the region, investors have recently launched large-scale farms around Khartoum and in the North. The West Omdurman in Khartoum has a 10,000-acre fodder farm which is projected to generate an annual profit of USD 20.0 million. Also, Amtar (rains) is growing alfalfa on a big farm in North Kordofan in the Midwest, using center pivot irrigation from bore water. The Amtar farm operators project to export 20,000.0 fattened calves a month. Local businesses active in the wide-scale cultivation of alfalfa include the DAL Group and the Central Trade Company (CTC). The DAL Group had reportedly collected USD 80.0 million from fodder exports in 2016. Alongside, the UAE-based companies, such as Amtaar Investment and GLB, started investing in Sudanese land toward forage production in 2011, and the companies are widely adopting centralized pivots toward increasing productivity through improvement in water usage efficiency. Hence, the increasing investments over alfalafa production is increasing in the country, which is drivng the Sudan Alfalfa Hay Market.

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