soybean field

USSEC Hosts Southeast Asia Agricultural Cooperators Conference

Nearly 200 participants representing more than 18 million metric tons of soy-purchasing potential recently attended the 9th Southeast Asia-U.S. Agricultural Cooperators Conference held in Phuket, Thailand. The theme of the conference, “Developing Sustainable Agribusiness,” highlighted recent agricultural developments and the challenges associated with building agribusinesses. Participants received critical soy market information and insight and had the opportunity to network with key industry leaders. The conference invited global soy industry leaders, U.S. farmer-leaders, industry experts and trade representatives to share their knowledge about the global soy market. Sponsors included Toepfer International, ADM, Bunge, Cargill, AGP, Marubini, Trans Costal Supply, U.S. Commodities, Ameropa, Noble Grain, Glencore, Cobank and the CME Group.

This year the conference recognized the region’s top customers for U.S. soy. La Filipina Corporation of the Philippines received the award as the largest purchaser of U.S. soybean meal. La Filipina, one of the country’s largest flour mill, feed mill, commodity traders and bulk port handlers, buys all of its meal from the United States. Indonesia’s FKS Multi Agro received the award for the largest customer of U.S. soybeans, importing 900,000 metric tons of beans this year. FKS uses the majority of imported beans in the production of tempe and tofu. Wilmar International received the award for the region’s overall largest importer of U.S. soy products. Wilmer, Asia’s largest oilseed processing group, purchases more than one million metric tons of U.S. soybeans each month.
USSEC, the U.S. Grains Council and the U.S. Wheat Associates organized the three-day event. Reuters, Dow Jones and Bloomberg covered the event.