USSEC Sponsors, Attends 11th China International Oils and Oilseeds Conference
USSEC participated in the 11th China International Oils and Oilseeds Conference in south China’s Guangzhou City on November 9. American Soybean Association (ASA) director Sam Butler served as one of the panelists to discuss U.S. soybean production, soybean price trends, and the oils and oilseeds market.
The insights brought by domestic and international guest speakers attracted more than 1,000 participants to the event, including all of U.S. Soy’s key local customers and many of their downstream feed traders and dealers. The presentations delivered by U.S. soybean growers providing the latest soybean production information in the U.S. and elaborating on U.S. farmers’ marketing strategies were well received by the audience and the organizers. U.S. soybean growers presented the methods and techniques used in U.S. sustainable agriculture and reassured the Chinese audience, especially the end users, of the present and future reliability and sustainability of the U.S. soybean supply.
After the conference, Mr. Butler travelled to south China’s Guangxi province to visit two local customers, including Great Ocean Oils & Grains Industries (Fangchenggang) Co., Ltd., of Yihai Kerry Group and Huiyu Grains and Oils Industry Co., Ltd., of Jiusan Group (Huiyu Company) in Fangchenggang city. He discussed U.S. soybean production and quality in 2015 and 2016 with executives from the two local oil producers and stressed that amino acids are a better measure to evaluate the protein profile. Xiaoping Zhang, USSEC Country Director – China; Dr. Richard Han, USSEC Technical Director – Animal Utilization; and Yantian Zeng, USSEC Marketing Program Manager, escorted Mr. Butler on the two-day trip.
The China International Oils and Oilseeds Conference is an annual event jointly organized by Dalian Commodity Exchange (DCE) and Bursa Malaysia since 2006. The conference provides industry professionals with the latest oils and oilseeds information across a wide spectrum including production, processing and market outlook, among others. USSEC has sponsored this conference for more than 8 years.