Asia conference leads to $392 million in ag sales
Sep 23, 2009 9:37 AM
1.4 million metric tons of U.S. agricultural products, valued at $392 million, were sold and/or negotiated at the 6th Annual Southeast Asia U.S. Agricultural Cooperators Conference, held in Cebu, Philippines, earlier this month.
Sales of U.S. corn and distiller’s dried grains with solubles (DDGS), a co-product of U.S. ethanol production, totaled 263,000 tons, valued at approximately $34 million, a 27 percent increase from the 2008 conference. The conference was jointly hosted by the U.S. Grains Council and the American Soybean Association.
“While global corn production has increased this year, the United States remains the only supplier to guarantee a consistently stable supply of corn throughout the year. This combined with the expected good quality of the 2009 U.S. corn crop will help further advance U.S. corn and DDGS sales into the region’s growing feed and livestock sectors,” said Adel Yusupov, USGC regional director in Southeast Asia, who helped organize the event.
The conference brought together more than 140 key feed grains and oil seed buyers, including multinational trading companies, integrated and independent livestock and feed producers, brokers and other businesses in and around Southeast Asia. The event provided a macro and micro economic review of the latest developments in the U.S. and global grain production and trade.
“What makes this program unique is the presence of all participants in the grains supply chain: U.S. exporters, trading groups and end-users. It provides an excellent venue for U.S. suppliers and Southeast Asia importers to make trade deals,” said Yusupov.
Kevin Rempp, USGC Asia Advisory Team member and Iowa corn farmer, gave a presentation on U.S. corn and co-products supply and demand and highlighted the 2009 U.S. corn quality.
“As U.S. growers are preparing to bring in the second-largest corn crop in recorded history, this conference, which was made possible by the investments of producer checkoff funds, helps to guarantee the sale of U.S. agricultural products,” said Rempp, who serves the Council representing Iowa Corn Promotion Board. “Our international customers can also be assured of feed grains availability in the United States and can count on us to help meet their needs.”
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