News

ISA president discusses US soy’s role in Southeast Asia

A leader with the Iowa Soybean Association says Southeast Asia is a growing market for US soybeans.

ISA President Suzanne Shirbroun says the region has helped put more value into soy exports. “Global demand for protein has increased more than 250% since 1999,” she said. “So many of these international markets that we see today didn’t exist for US soy 60 years ago.”

She tells Brownfield Southeast Asia’s animal protein consumption is projected to increase 20% over the next five years. “High protein demand means these countries will need to increase purchases of soybeans and soybean meal to continue to feed their livestock,” she said. In some cases that would be fish or poultry.”

Shirbroun says farmer-led efforts and their checkoff investments have helped establish emerging markets for US soybeans. She says US soybean farmers see an average return value of $12.34 for every $1 invested in the soy checkoff.

AUDIO: Iowa Soybean Association President Suzanne Shirbroun

Add Comment

Your email address will not be published.


 

Stay Up to Date

Subscribe for our newsletter today and receive relevant news straight to your inbox!