US exports far more DDGS
Exports of US distiller’s dried grains with solubles (DDGS) to all countries are up 6% this marketing year, ending Aug. 30.
This is stated in the US Department of Agriculture’s (USDA) latest report on trade data. If this pace continues, the export tally for the year should approach 12 million metric tons, near a record set during the 2013/2014 marketing year.
Major increase in export to Southeast Asia
Southeast Asia as a region has seen DDGS exports rise more than 50% this year with notable gains from Vietnam (up 76%), Thailand (up 29%) and Indonesia (up 42%). In fact, at 1.7 million tons so far, DDGS exports to Southeast Asia now exceed those to Mexico (up 18%). Rounding out the top export markets are South Korea and Turkey with gains of 39% and 70% respectively, largely due to discounted prices.
Increase in overall demand
The increased pace of exports is a positive development for overall demand of US grains, particularly in light of the large corn crop nearing harvest and continued robust ethanol production figures. The US Grains Council promotes the sale of US DDGS through its market development programmes in more than 50 countries. Working to promote all major US feed grains, the Council is able to help customers understand the best possible, and most economical, formulations for their particular needs.
Source: Grains.org
