soybean field

USSEC Invited to Observe Unloading of AGP’S First Bulk CNF Shipment of U.S. Soybean Meal to Vietnam

USSEC recently marked the occasion of AG Processing (AGP)’s first bulk shipment of U.S. soybean meal sold cost and freight (CNF) to Vietnam.  Sojitz Vietnam Company Limited received a shipment of 34,500 metric tons (MT) of U.S. soybean meal purchased from AG Processing at Cai-Mep Agri Port on April 25, 2013.  USSEC and AGP representatives, together with several local customers and end-user consignees, were invited by Sojitz to observe the unloading of the vessel.  Cai-Mep Agri Port is co-owned by Sojitz and the Interflour Group and operates under the joint venture Interflour Vietnam Limited (IFV).

Arguably the most sophisticated port terminal in Vietnam, Cai-Mep Agri Port is situated in Tan Thanh District of Ba Ria, Vung Tau Province, approximately 80km southeast of Ho Chi Minh City.  The facility is capable of receiving and unloading a fully laden 75,000 MT deadweight tonnage (DWT) Panamax vessel at the rate of 15,000 MT of soybean meal daily.  The terminal has erected 160,000 MT of flat storage, the largest in Southeast Asia.  Sojitz Vietnam has been an active participant in USSEC’s regional activities and their representatives have travelled to the U.S. on a number of USSEC-sponsored training and trade missions.
Vietnam has the most rapidly growing feed and livestock industry in Southeast Asia.  Its imports of soybean meal from the U.S have exceeded 250,000 MT to date in 2013.  USSEC services this market from its Hanoi office.