ISA farmer directors return from trade mission to Colombia

The president of the Iowa Soybean Association says the U.S. can expand its market share for Colombia’s entire soy complex.

Suzanne Shirbroun says she recently returned from a Colombian trade mission where farmer directors were seeking to boost soybeans sales. “There were customers there from Peru, Chile, Colombia, Honduras, Ecuador, and even Jamaica. I did not know Jamaica bought soybeans, but they buy soybean meal from the U.S.”

According to ISA, Colombia is the sixth largest market for U.S. agriculture and world’s third largest importer of U.S. soybean meal. In 2022-2023, Colombia purchased 1.88 million tons of U.S. soy, including 443,000 tons of whole soybeans and 1.43 million tons of soybean meal.

Shirbroun tells Brownfield Colombian leadership expressed satisfaction with the quality of U.S. soybeans. “It may be a slightly higher price than what they can get out of South America, but the physical and nutritional values far outweigh.”

She says Colombia has a population of more than 50 million and its economy is poised for growth as inflation recedes.

The trip was part of the U.S. Soybean Export Council’s Americas Agricultural Cooperators Conference in Bogota.

AUDIO: Suzanne Shirbroun, president of the Iowa Soybean Association

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