Southeast Asia Conference Results in Strong Sales
Feedback shows conference was well received.
Compiled by staff
Published: Sep 27, 2010
The 7th Southeast Asia U.S. Agricultural Cooperators Conference held recently in Ho Chi Minh City, Vietnam resulted in strong sales. Approximately 1.17 million metric tons of U.S. agricultural products were bought, sold and/or negotiated during the event that was jointly organized by the U.S. Grains Council, the American Soybean Association and the U.S. Wheat Associates. Sales were valued at about $368.94 million based on current nearby Chicago Board of Trade futures.
The conference consisted of more than 175 participants representing 95 major companies involved in feed ingredient import and distribution, integrated food and feed operations, poultry and livestock production, oilseed crushing, port and logistics management, as well as ag-related associations and businesses. Collectively, this group represented an import potential of roughly 25 million metric tons of soybeans, soybean meal, corn and corn products, and wheat and wheat products combined.
Adel Yusupov, USGC regional director in Southeast Asia, said that overall feedback indicates the conference was very well received by the participants, reinforcing its reputation as the undisputed main agricultural event of the season.
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Tagged: wheat, soybean, soybeans, soybean association, American Soybean Association
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