News & Events
Last month, the U.S. Grains Council (USGC) escorted an Egyptian team of buyers on a crop tour in Nebraska following the group’s participation in the biennial Export Exchange 2014 in Seattle, Washington. Egypt last year rebounded to be a large market for U.S. corn and corn co-product imports, especially distiller’s dried grains with solubles (DDGS) and corn gluten meal (CGM).
In 2013, buyers from Saudi Arabia and Jordan imported more than 1,000 metric tons and 20,000 tons of U.S. distiller’s dried grains with solubles (DDGS) respectively. Both markets have much room for expansion in their use of U.S. DDGS in both the livestock and poultry sectors. To educate buyers and increase interest in U.S. corn co-products, the U.S. Grains Council (USGC) escorted a team of major importers from these countries to the Midwest before holding its biennial Export Exchange so these key customers could see U.S. DDGS infrastructure firsthand.
In the past marketing year that ended Aug. 31, U.S. corn exports to Egypt rebounded to 2.6 million metric tons (102.4 million bushels), a pace that does not appear to be slowing with 270,600 tons (10.7 million bushels) of U.S. corn already imported into the country in the new marketing year, as of Oct. 2. This is made all the more remarkable by the fact that in the 2012/2013 marketing year, Egypt imported no U.S. corn.
While price is an important consideration for buyers of corn and other commodities, the United States’ reputation for reliability and honesty is also a significant market asset. The U.S. Grains Council has been promoting these benefits in top markets around the globe and will continue to do so as the United States begins harvest for another record corn crop.
The United States exported more than 11 percent of the U.S. corn supply in the 2013/2014 marketing year, which ended Aug. 31. More than 100 countries purchased the U.S. commodity.
Exports of both U.S. corn and U.S. sorghum finished the 2013/2014 market year strong, with increases of more than 150 percent and 200 percent over the same time period last year, respectively.
The United States recorded its highest ever monthly exports of distiller’s dried grain with solubles (DDGS) in July, bringing the total U.S. DDGS exported this marketing year to 7.2 million metric tons, a 48 percent increase over the same time period last year.
Behind this market expansion are U.S. Grains Council educational seminars and feeding trials, complimented by consistent end-user contact and support. In emerging markets around the world, the Council continues to work to expand the market for U.S. DDGS.
- Importers from 11 countries in the Middle East, North Africa and Europe to attend Export Exchange 2014
- Growing demand in the region means attendees are looking to build business with U.S. grains suppliers
- Export Exchange 2014 is taking place Oct. 20-22 in Seattle
WASHINGTON, D.C., Sept. 4, 2014 – Export Exchange 2014™ will host international attendees from Europe, the Middle East and North Africa. Participants include many of the largest importers of U.S.
Exports of U.S. coarse grains and co-products to the Middle East and North Africa have rebounded dramatically this marketing year due to price, world market conditions and consistent trade servicing.
U.S. feed grain and co-product exports to the Middle East and North Africa have previously received tough competition from Black Sea and South American origin grains. However, this year due to competitively priced corn, the United States has regained market share in the region.
Major North African grains buyers have begun importing U.S. corn again thanks to better prices and facilitated by strong relationships maintained through the lean years with the U.S. Grains Council. After virtually no sales in the previous year, Egypt, Morocco and Tunisia purchased 2.1 million metric tons (82.7 million bushels) of corn this marketing year from September 2013 to May 2014.