Ag Supply Chain Asia Conference Results In $113 Million In Business

More than one million metric tons of corn and dried distillers grains with solubles (DDGS) were contracted during the Ag Supply Chain Asia 2019 (ASCA19) conference in the Philippines, part of the U.S. Grains Councils strategy to defend established markets while identifying new opportunities throughout the Southeast Asia region. 

The Council co-hosted the joint buyers conference with the U.S. Soybean Export Council (USSEC) and the U.S. Department of Agricultures Foreign Agricultural Service (USDAs FAS). More than 250 of the most important grain and oilseed importers from Southeast Asia gathered in Manila to discuss the current market situation, the Chinese market, the African Swine Fever (ASF) outbreak as well as the grain supply and demand, U.S.-Southeast Asia trade policy and big data in agriculture. 

Buyers conferences like ASCA19 are a cornerstone of Council programming in Southeast Asia. In addition to facilitating discussions between traders and customers, they offer trade servicing and value-added opportunities appreciated by partners in the region. The up-to-date information provided at the conference is key selling point for U.S.-origin commodities. 

The Council invested $76,518 in Market Access Program (MAP) funds to sponsor ASCA19. With sales reported during the event worth $113.3 million, this outreach offered a return on investment of $1,482 for every $1 of MAP funds invested 

Learn more about the Council’s work in Southeast Asia here.