USSEC Hosts U.S. Soy Buyers Outlook Conference In Korea
USSEC hosted the annual U.S. Soy Buyers Outlook Conference in Seoul, South Korea on November 13th.
The conference was attended by 61 members of the purchasing and technical staffs from Korea’s crushing, feed, and soy food industries; three USSEC member exporters, SunOpta, Scoular and CGB; and nine Korean representatives of U.S. soy exporters, including Cargill and Bunge. The conference’s objective was to update the target industries with U.S. new crop information and to assist them to interact with grower leaders and exporters for more business opportunities.
Two grower leaders, American Soybean Association (ASA) director Dave Poppens of South Dakota and United Soybean Board (USB) director Daniel Farney of Illinois, traveled to Korea and participated in the conference. Mr. Poppens shared information on this year’s farming progress and conditions, while Mr. Farney discussed sustainability in U.S. soybean production from the farmer’s perspective. Other conference topics included the 2015/16 crop quality, global supply and demand, and market outlook. Feedback from conference participants indicated that useful information was provided at the right time for their purchases of soy and soy products.
In addition to the conference, the grower leaders visited local crushing and soymilk plants that use U.S. Soy and met with the top executives of Korea Feed Association to provide them with updates on this year’s crop and benefits of the U.S. Soy Sustainability Assurance Protocol (SSAP).