U.S. Grains Council Promotion Efforts At Export Exchange Lead To Exports to Egypt
Using Market Assess Program (MAP) funds, the U.S. Grains Council hosted a six-person team from Egypt to the biennial Export Exchange, held in October 2016 in Detroit, Michigan.
The team included representatives of major feed grain importing companies in Egypt who had the opportunity to visit corn producers, ethanol plants and major grain exporters in Maryland and Virginia prior to participating in the main conference.
Export Exchange 2016 offered attendees a unique opportunity to meet and build relationships with domestic suppliers of corn, distiller’s dried grains with solubles (DDGS), sorghum, barley and other commodities. More than 200 international buyers and end-users of coarse grains and co-products from more than 35 countries participated along with 180 U.S. industry members.
At the conclusion of the conference, the Egyptian participants were surveyed and reported they bought or were negotiating approximately 23,000 metric tons of corn gluten and DDGS valued at $3.8 million. The Council invested approximately $50,000 in hosting this delegation, generating a return on investment (ROI) of $76 for every $1 of MAP funds invested.