Members of the 2017 Agriculture Trade Goodwill Mission pledged Wednesday to purchase 5 million metric tons (197 million bushels) of U.S. corn and 500,000 tons of U.S. distiller’s dried grains with solubles (DDGS) between 2018 and 2019, echoing a rebound of U.S. corn sales to this long-term trading partner.
Washington, D.C. - Members of the 2017 Taiwan Agricultural Goodwill Mission pledged Wednesday to purchase 5 million metric tons (197 million bushels) of U.S. corn and 500,000 tons of U.S. distiller’s dried grains with solubles (DDGS) between 2018 and 2019. The commitment was made during a signing ceremony at the U.S. Capitol in Washington, D.C.
The U.S. Grains Council (USGC) recently released a new batch of online videos highlighting the importance of building and maintaining trading relationships and the work the Council does in grain markets around the world.
Danny Chen, senior secretary in the Taiwan office, retires on Friday, March 31, after nearly 38 years of working for the U.S. Grains Council (USGC).
Chen joined the Council in 1979 with the primary responsibility of providing market information to the local industry including, including translation of the Council’s regular market reports. Chen’s role expanded over time as she became a prominent face in the local grain industry by working exhibition booths, meeting with visiting dignitaries and coordinating many industry events.
Representatives from the U.S. Grains Council's (USGC's) office in Southeast Asia participated in two regional conferences this month to provide context, industry insights and actionable market intelligence to customers of U.S. agricultural commodities.
As trade in food and feed ingredients continues to increase to meet rising demand, risks and opportunities will also invariably increase, making this type of one-to-one outreach and the information USGC can provide even more valuable.
"The U.S. Grains Council remembers the 1960 'hog lift' to Japan as our founding event," said Council President and CEO Tom Sleight, "and still today, anything that hurts hogs hurts many of our oldest and best customers around the world. The current swine epidemic is a serious matter for many of them, and therefore for us."
In a year when U.S. exports faced challenges following drought-reduced 2012 crops, the U.S. Grains Council worked hard to maintain relationships built over many years. Among the most important of our historic trading partners is Taiwan. While the short U.S. crop in 2012 forced Taiwan to diversify its supply, many buyers in Taiwan continued to express a preference for U.S. corn once a more normal supply and price situation returned.
The U.S. Grains Council was among more than 300 exhibitors at the recently concluded Taipei International Bakery Show in Taiwan. The Council promoted U.S. beta-glucan barley which, according to U.S. research, has heart-healthy properties to include reducing cholesterol and the risk of coronary heart disease.
- #7 U.S. agricultural product market ($3.08 bil. or 2.37% of total in FY2016).
- #6 U.S. corn market (2.32 MMT, or 4.53% of total in FY2016).
- #4 U.S. barley market (4.97 TMT, or 3.12% of total in FY2016).
- #11 U.S.