News & Events
Saudi Arabia has nearly doubled purchased of U.S. corn this marketing year due to a combination of favorable government policy shifts, competitive prices and market development work by the U.S. Grains Council (USGC).
End-users in Europe, the Middle East and North Africa are purchasing increasing amounts of U.S. co-products, including distiller’s dried grains with solubles (DDGS) and corn gluten feed/meal, thanks to advantageous pricing in recent years.
Building on these cost competitive deals, the U.S. Grains Council (USGC) conducted a conference in Rome, Italy, last week to connect end-users from both regions with U.S. farmers, grain suppliers and technology companies for education and the opportunity to make or negotiate sales.
Free trade agreements help provide market access for some of the largest purchasers of U.S. grains and for some smaller but steady buyers. Israel, as the first market with which the United States signed a free trade agreement, is a good example.
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.
A recent sale of U.S. distiller’s dried grains with solubles (DDGS) to Saudi Arabia is an example of an increasingly diverse number of markets interested in the feed product and the impact of sustained market development in areas showing potential for long-term growth.
Last month, Saudi buyers purchased 18,000 metric tons of U.S. DDGS, a relatively large amount and a dramatic increase from total sales of just 8,400 metric tons in 2014.
Grain trade experts from the U.S. Grains Council (USGC) visited Ireland and Israel late last year to meet with customers in those markets, which have become increasingly important if non-traditional importers of U.S. corn and co-products.
Ireland has imported 95,000 metric tons (3.7 million bushels) of U.S. corn in the first three months of this marketing year, which is nearly half the amount it imported the prior marketing year, 170,000 metric tons (6.7 million bushels). Israel imported 386,000 metric tons (15 million bushels) of U.S. corn in the last marketing year.
The U.S. Grains Council (USGC) is pleased to announce the appointment of Ramy Taieb to the position of Middle East and Africa Director in its Tunis office.
Taieb has served as the commodity purchasing manager for Poulina, Tunisia's largest grain importer and poultry company, for the past 12 years, working with the company in total for more than two decades.
In that position, he participated in numerous Council marketing programs and gained familiarity with Council operations as well as global grain markets.
The U.S. Grains Council's annual corn harvest quality report is now available to global customers, who will receive in-depth reviews of its results over the next two months at a series of conferences and consultations in major corn importing markets.
This week's Chart of Note illustrates the record breaking exports of U.S. distiller's dried grains with solubles (DDGS) to the Middle East and North Africa in the 2015/2016 marketing year.
According to the U.S. Department of Agriculture's (USDA's) latest trade data report, the United States exported more than 1.14 million metric tons of DDGS to these countries last marketing year, a new high.