soybean field

USSEC Holds Protein Purchasing Seminar in Spain

Last week, USSEC organized an innovative protein purchasing seminar in Madrid, Spain. Major southern European soy importers, traders, and end users met with the objective of talking about issues related to the soy market and other protein markets. Seminar subjects included: production, logistics, markets, trade, industry, flows, price building, sustainability, GMOs, customer preferences, quality differentiation in relation with production origins, and risk management, among others.
This meeting was organized for the Spanish and Portuguese industry. USSEC will hold similar seminars in other parts of Europe, building on the success in the Southern Europe market.
The session took place over a day and a half. Course attendees included feed industry representatives, soy crushers, and importers. In total, 80 people representing nearly 100 percent of the industry participated, including representatives from the main feed and meat industry such as Vall Company, Nutreco, Coren, Coorporación Agropecuaria, the Guissona, and many more. Soy crushers such as Bunge and Cargill, Sovena and all importers, Cofco, Gavilon, Nidera, Dreyfus also attended. The Spanish soy crush industry is one of the three biggest in the European Union.
USSEC consultants Dr. Gonzalo G. Mateos, Dr. Jan Van Eys, and Lola Herrera spoke about the quality and sustainability of U.S. Soy, U.S. Soy farming, and soy value by production origin. Rory Deverell and Thomas Deevy from FCStone talked about the markets and risk management, while Bunge’s Javier Masso spoke about the import and soy crush industry in Europe, including Spain and Portugal. Vasco Tamagnini from Sovena gave a presentation about the crush of other proteins, and Pedro Ruiz from Altura discussed the exchange rate between the U.S. dollar and the euro.
Rounding out the discussion on proteins, several EU soy end users of soybean meal including the purchasing manager of Vall Companys, the main pork producer in Europe, Sebastia Arnau and a representative of French soy buyers Antoine Rebouding from Feed Alliance participated. Also staff form Bunge and Cargill in Geneva presented their Risk Management tools.
During this course, USSEC demonstrated the importance of quality, quality by origin, and the U.S. Soy Advantage to the Spanish and Portuguese industry. Attendees were also introduced to the sustainability of U.S. Soy, which is critical as the importance of sustainability in Southern Europe continues to grow.

View of the meeting room
Sebastian Arnau, Vall Comany
Javier Massó, Bunge
Lola Herrera, USSEC consultant