USSEC Hosts Annual U.S. Soy Advantage Buyers Outlook Conference in South Korea

By - Monday, November 21, 2016

 

Grower leaders, exporters, Foreign Agricultural Service (FAS) Seoul staff, USSEC staff and consultant pose after the 2016 U.S. Soy Advantage Buyers Outlook Conference in Seoul, South Korea

USSEC hosted the annual U.S. Soy Advantage Buyers Outlook Conference in Seoul, South Korea on November 11. 62 members of the purchasing and technical staffs from Korea’s crushing, feed, and soyfood industries attended the conference. Two USSEC member exporters, SunOpta and Scoular, and nine Korean representatives of U.S. Soy exporters, including ADM and DeLong, were also in attendance.

Grower leaders, exporters, Foreign Agricultural Service (FAS) Seoul staff, USSEC staff and consultant pose after the 2016 U.S. Soy Advantage Buyers Outlook Conference in Seoul, South Korea

Grower leaders, exporters, Foreign Agricultural Service (FAS) Seoul staff, USSEC staff and consultant pose after the 2016 U.S. Soy Advantage Buyers Outlook Conference in Seoul, South Korea

 

The conference’s objective was to update the target industries with the U.S. new crop quality and supply situation, and to help Korean customers and U.S. Soy delegates understand each side’s needs better. During the conference, SunOpta and Scoular interacted with food-soybean customers and shared new crop information with them, displaying samples.

USSEC and ASA director Monte Peterson answers a question during the Q&A session

USSEC and ASA director Monte Peterson answers a question during the Q&A session

 

United Soybean Board (USB) director Walter Godwin, USSEC and American Soybean Association (ASA) director Monte Peterson, and North Dakota Soybean Council director Perry Ostmo traveled to Korea and participated in the conference. They presented information about this year’s record crop yield, 2016 soybean production and farmers’ risk management. Other conference topics included 2016/17 crop quality, the application of the U.S. Soy Sustainability Assurance Protocol (SSAP), global supply and demand, and market outlook. Attendees gave feedback that two major reasons that they think U.S. Soy is more valuable than that of other origins are the reliability and sustainability of U.S. Soy.

USB director Walter Godwin discusses 2016 farming conditions and production with the audience

USB director Walter Godwin discusses 2016 farming conditions and production with the audience

 

In addition to the conference, the grower leaders visited a tofu plant and feed mill and met with top executives of Sajo Haepyo Corp. to share information on this year’s crop and receive an update on Korea’s crushing market.

North Dakota Soybean Council director Perry Ostmo gives welcome remarks at the conference

North Dakota Soybean Council director Perry Ostmo gives welcome remarks at the conference

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Grower leaders, Jeil Feed staff and USSEC staff pose while visiting Jeil Feed Co., Ltd.

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Grower leaders listen to Ourhome’s tofu plant manager