Strong U.S. Soy Exports to Europe and Middle East/North Africa Markets
By Brent Babb, USSEC Regional Director – EU/MENA
The Europe and Middle East/North Africa market has been a bright spot for U.S. Soy exports this marketing year, as soy exports to the region are up 140 million bushels over last year at this time.
This represents a 210 percent increase in whole soybeans and a 17 percent increase in soybean meal exports for the U.S. Soy industry.
USSEC recently held an major regional U.S. Soy Trade Exchange in Spain, attended by 300 participants, which increased focus in other key markets in the region.
Countries with largest bushel increases this marketing year include Egypt (30 million), Spain (23 million), Netherlands (15 million), Italy (12 million), and Portugal (10 million).