European Customers Mingle with USSEC at 59th European Commodities Exchange

By - Tuesday, November 12, 2019

USSEC participated in the 59th European Commodities Exchange in Vienna, Austria. This is the 5th year that USSEC participated in this important event for the Europe grains and oilseed business.

2,000 people, representing the largest soy and grain customers from Europe and elsewhere, attended the event to meet both suppliers and customers. For USSEC, this is a great opportunity to meet the industry and to share news related to the soy business in the U.S. Europe is the main soybean meal importer in the world, with 20 million tons a year and the second largest soybean importer after China, with 13 million tons annually. Last year, Europe was the U.S. soy industry’s largest growth market, increasing U.S. soybean purchases over 31% for a total of 7.9 million metric tons or 290 million bushels. Major importers included Germany, Spain, Netherlands, Italy, France, and Portugal.

USSEC Regional Director – EU / Middle East North Africa (MENA) Brent Babb and USSEC consultants Lola Herrera and Albert Roda attended to customers at the USSEC booth providing information on U.S. soybeans and soybean meal, related to quality, with an emphasis on sustainability and U.S. Soy Sustainability Assurance Protocol (SSAP) sustainability certification for U.S. origin soybeans and soybean meal.

The booth was very busy with customer visits from U.S. exporters and U.S. soy customers on both days.

Portugal importer Acembex, with Perdue, Brent Babb, and USSEC team in the Commodity Exchange booth.