Process Management

News 325 views last update:6 Aug 2012

US Grains Council exports more grains

Worldwide demand for US grains continues to climb says Ken Hobbie, president and CEO of the US Grains Council. "We're almost at the point where we're going to set export levels that we have not seen since 1980" he said at the US Grains Council marketing conference and membership meeting. reports that demand from Korea is back strongly, "Our people are estimating that we may have as much as a 90+ percent share of a market that I can think of five years ago when we had about a 10% share. And this is a huge consuming country for feed grains."

DDGS market is promising
Also more grains are exported to Central America, South America and North Africa. Still, he says a worldwide economic slowdown is the biggest risk for exports and record high freight costs worldwide are a huge cost factor. But the market for distiller's dried grains with solubles (DDGS), Hobbie says, is very promising, "We've been very fortunate that with the ethanol industry that's developing in the US and the byproduct that's coming out that that we have another feed ingredient to offer our customers that helps keep their feed manufacturing costs low."

Related website:
US Grain Council  

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