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News: Southeast Asia

USSEC Conducts Aquaculture Forum in Philippines

Thursday, July 23, 2015
Category Aquaculture Southeast Asia Success Stories 
The U.S. Soybean Export Council (USSEC) conducted a two day seminar in the Philippine municipalities of Anda and Bolinao, Pangasinan on September 25 and 26, 2014 targeting…

The U.S. Soybean Export Council (USSEC) conducted a two day seminar in the Philippine municipalities of Anda and Bolinao, Pangasinan on September 25 and 26, 2014 targeting milkfish cage technicians, farmers, investors and local government units with the objective of sharing USSEC’s Low Volume High Density (LVHD) cage aquaculture technology along with the latest technologies and benefits of using extruded floating feeds in milkfish cage aquaculture in the Philippines and Southeast Asia (SEA). 67 participants representing milkfish cage technicians, farmers, investors and staff of local government units from Anda and Bolinao along with feedmill representatives attended the two-day forum. The seminar helped participants gain information on how to improve farmers’ production efficiency, transition to sustainable cage farming with the use of extruded floating feeds, proper feed and water quality management, profitability and the lowering of milkfish feed conversion ratio (FCR) in milkfish cage aquaculture. Milkfish farmers adopting technology and management practices discussed in the seminar will measure long-term success. Unless this particular market segment of the market is taught how to be sustainable, local farmers may underperform, dampening the growth of soybean meal (SBM) consumption in the area. Milkfish (Chanos chanos) is the most important fish species in the Philippines with an annual production of 401,070 metric tons (MT) in 2013. The province of Pangasinan produced about 100,682 MT in 2013, or about 25.1 percent of the Philippines’ total milkfish production, with an estimated feed requirement of 241,636 MT and estimated SBM usage of about 91,824 MT. In 2014, Pangasinan’s milkfish production rose to about 114,358 MT with an estimated feed requirement of 274,459 MT and estimated SBM usage of about 104,294 MT. Estimated SBM inclusion rate is at 38 percent. From 2002 to 2013, production of milkfish from aquaculture grew at an average rate of 3.62 percent. USSEC’s current aquaculture program in the Philippines is aimed at setting the foundation for a more sustainable and quality-oriented production base.

Thailand Purchases Additional 3 Panamaxes of U.S. SBM

Thursday, July 23, 2015
Category Southeast Asia Success Stories 
Seven panamaxes of U.S. soybean meal (SBM) have been purchased by the Thai Feed Import Group since the U.S. Soybean Export Council (USSEC) brought the company’s leadership…

Seven panamaxes of U.S. soybean meal (SBM) have been purchased by the Thai Feed Import Group since the U.S. Soybean Export Council (USSEC) brought the company’s leadership to the U.S. on a September 2013 trade mission that included touring grain export facilities in Washington, visiting with Minnesota soybean growers, inspecting the soybean crop in parts of Minnesota, and attending the U.S. Soy Global Trade Exchange in Davenport, Iowa. During February and March 2014, the Thai group purchased two panamaxes from ADM and Bunge with an additional two purchased targeted for November/December 2014 from Bunge. In November 2014, the company purchased three panamaxes again from Bunge equaling about 180,000 metric tons (MT) of U.S. SBM, bringing the 2014 total to seven.

MAP and FMD Help Sponsor First Summit on ASEAN Aquaculture

Thursday, July 23, 2015
Category Southeast Asia Success Stories 
For three days in June 2015, more than 100 representatives from governments, academia, trade associations, industry, and investor groups met in Singapore for the 1st…

For three days in June 2015, more than 100 representatives from governments, academia, trade associations, industry, and investor groups met in Singapore for the 1st Association of Southeast Asian Nations (ASEAN) Aquaculture Industry Summit, hosted using MAP and FMD funds by the U.S. Grains Council (USGC) and the American Soybean Association / U.S Soybean Export Council (ASA / USSEC), along with the U.S. Agency for International Development (USAID) and the Foreign Agriculture Service (FAS). The summit’s two primary goals were to bring key stakeholders to the table to address constraints on the aquaculture sector and to work together to find common ground for developing a roadmap towards the harmonization of regulatory and certification issues among ASEAN members. Summit sessions addressed: (1) best practices in ASEAN aquaculture farm management; (2) strategies and future of ASEAN feed management; (3) regulation and legislation related to aquaculture; and (4) investment prospects in aquaculture.

H.E. Kirk Wagar, Ambassador of the United States to Singapore, was a keynote speaker at the summit, and noted the extraordinary 7.8 percent annual growth rate for aquaculture in the region in the past two decades. At the end of the summit, a dossier containing seven proposed action items was presented to the ASEAN secretariat. The action items encouraged the harmonization of efforts in Southeast Asia’s aquaculture industry, including the establishment of the ASEAN Community of 2015 to help boost the development of the aquaculture community and trade in aquaculture products, the welcome and support of ASEAN’s implementation of programs and activities, the development of a strategic plan of action for ASEAN Cooperation on Food, Agriculture and Forestry 2016-2025, and ASEAN’s effort to promote public-private sector participation in the aquaculture sector, particularly suggesting coordination in Indonesia. By 2050, Asia is expected to account for about 90 percent of global aquaculture production, feeding a population totaling 9.2 billion. Southeast Asia is a big contributor to the aquaculture industry, with 54 percent of ASEAN seafood production in 2012 coming from aquaculture.

SE Asia Trade Mission Participates in U.S. Soy Global Trade Exchange; Over $90 Million of U.S. Agricultural Products Transacted

Friday, October 18, 2013
Category General News Southeast Asia 
The recent Southeast Asia Trade Mission, organized by USSEC, consisted of 35 executives representing 30 countries including Thailand, Vietnam, Indonesia, Singapore,…

The recent Southeast Asia Trade Mission, organized by USSEC, consisted of 35 executives representing 30 countries including Thailand, Vietnam, Indonesia, Singapore, Philippines and Myanmar.  Companies such as integrated food processors, oilseed crushers, livestock raisers, livestock feed producers, soy food manufacturers and local trading companies were represented.  The goal of this mission was to highlight the value of U.S. agricultural products, promote the U.S. as the one-point ag-solution provider to international customers, and deliver U.S. Soy’s Total Quality promise.

During the ten day mission, the trade team toured grain export facilities in the Washington State, visited with Minnesota soybean growers and inspected the soybean crop in parts of Minnesota, before joining over 200 representatives from 40 different countries at the highlight of this mission:  the U.S. Soy Global Trade Exchange in Davenport, Iowa.  Co-located with the 10th Annual Midwest Specialty Grains/Grain Export Shipping Conference & Trade Show, the U.S. Soy Global Trade Exchange featured two days of meetings and presentations, facility and river tours, as well as private meetings with U.S. exporters for introductions, market discussions and the exploration of business opportunities.

Based on written evaluations received from trade team members, the overall experience of this year’s trade mission has been extremely positive.  As with every mission since its 2008 inception, actual trades and business have been negotiated and concluded.  This year, an estimated value of almost $98 million worth of approximately 155,000 metric tons of soybeans, 30,000 metric tons of soybean meal, 10,000 metric tons of corn, 25,000 metric tons of dried distiller grains with solubles (DDGS), and 5,000 metric tons of wheat were transacted by the trade team at the event.

This program is funded by and under the auspices of the United Soybean Board, the American Soybean Association and the U.S. Department of Agriculture.  Key contributors to this mission include: AG Processing; Bunge North America; Columbia Grain, Minnesota Soybean Research & Promotion Council; North Dakota Soybean Council; South Dakota Soybean Research & Promotion Council; Midwest Shippers Association; and Iowa Soybean Association.

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