2025 Successes: MOUs Strengthened Global Partnerships

USSEC builds long-term confidence in U.S. Soy by investing in relationships—and in 2025, that commitment was reinforced through a series of Memorandums of Understanding (MOUs) with valued partners around the world.

More than formal agreements, MOUs reflect shared goals and mutual trust. They help deepen existing partnerships, open doors to new opportunities, and advance USSEC’s mission to differentiate, build preference for, and secure access for U.S. Soy in global markets.

Throughout the year, USSEC worked closely with partners in strategic regions to align priorities, support market development, and translate collaboration into meaningful demand for U.S. Soy.

Vietnam

In June, USSEC co-sponsored a round of MOU signings with Vietnam’s Partnership for Sustainable Agriculture under the Ministry of Agriculture and Environment. The agreements solidified Vietnam’s commitment to purchase more than $1.4 billion in U.S. agricultural products, including soybeans, and marking a significant increase over historical purchase levels.

The momentum continued in October, when USSEC signed a three-year MOU with the Vietnam Fisheries Society. The partnership focuses on advancing Vietnam’s aquaculture sector by promoting sustainable production practices, supporting international sustainability certifications, and encouraging the use of U.S. Soy ingredients in aquafeeds to enhance feed quality and competitiveness.

As the third-largest market for U.S. Soy in Southeast Asia, Vietnam represents a strong and growing opportunity. The country imported 1.44 million metric tons of U.S. soybeans during the 2023/24 market year, driven by expanding demand across soy foods, pork production, and aquaculture.

China

In July, USSEC and Techbank Food Co. signed an MOU signaling renewed engagement with U.S. Soy in the world’s largest soy-consuming market.

Techbank Food Co. is a leading Chinese food company active in aquatic, livestock, and pork feed sectors with long-standing ties to U.S. Soy. The agreement reinforces continued collaboration in a market with more than 40 years of trade history and reflects shared confidence in the quality, reliability, and sustainability of U.S. Soy.

Indonesia

In September, USSEC reached an agreement with FKS Multi Agro, Indonesia’s leading soybean and soybean meal distributor.

Through the MOU, USSEC and FKS committed to working collaboratively to support local enterprises and advance sustainability across Indonesia’s food system. Planned activities include technical seminars for soy food producers and poultry growers throughout Southeast Asia, which is a key region for future U.S. Soy demand as consumption of animal protein and soy-based foods continues to rise and aquaculture expands.

Taiwan

As part of the Taiwan Goodwill Trade Mission in September, USSEC and the Taiwan Oil Manufacturers and Feed Industry signed a letter of intent to purchase between 6.5 and 8.0 million metric tons of U.S. soybeans from 2026 to 2029.

The agreement builds on decades of trust between U.S. soybean farmers and Taiwan, the seventh-largest market for U.S. soybeans. It reinforces a long-standing partnership rooted in consistency, quality, and shared commitment to reliable supply.

Bangladesh

In November, USSEC signed an agreement in Bangladesh with the country’s leading processors and soybean meal importers committing to purchase $1.25 billion in U.S. soybeans and soybean meal over the next 12 months, a number nearly 2.5 times historical purchase levels.

The agreement also emphasized collaboration on sustainable sourcing through the U.S. Soy Sustainability Assurance Protocol (SSAP), market development initiatives, and efforts to increase protein consumption through USSEC’s Right to Protein campaign.

With U.S. soybeans as Bangladesh’s top agricultural import, the country stands as the strongest U.S. Soy market in South Asia. U.S. soybean meal exports to Bangladesh increased by 650% compared to the previous year.

Turning Commitments into Demand

MOUs are not merely symbolic. They help translate trust into action, support USSEC’s work to differentiate U.S. Soy based on quality, sustainability, and reliability, and expand and protect market access.

By tying relationship-building to concrete commitments, MOUs help translate farmer investments into real-world opportunities with benefits across the U.S. Soy value chain. Each agreement is a shared pledge: U.S. farmers commit to consistent, sustainable production, while international partners commit to integrating U.S. Soy into the feed, food and fuel systems that will nourish a growing world.

                                                Partially funded by the Soy Checkoff

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