News

USSEC in Southeast Asia

The head of the U.S. Soybean Export Council, in Singapore with U.S. farmers, says they’re working to grow demand in southeast Asia to try and replace the lost demand from China, “We have a potential for how we can get there. I don’t want to be overly optimistic and say that it will be easy to achieve that. I think that it will take some YEARS of time. But, the U.S. has some very strong advantages and we are out talking with buyers around the world.”

Jim Sutter spoke with reporters from the Southeast Asia U.S. Ag Cooperators Conference in Singapore where he said the trade war with China CANNOT go on forever, “I think it’s very difficult to have the number-one importer of soy in the world, China, never having doing business with the number-one or two producer in the world, the U.S. So I think will find some way to resolve the trade war.”

Sutter says U.S. soybean market share is going up in virtually all other markets but admits the trade war is strengthening U.S. competitors like Brazil and Ukraine.

Farmer leaders with the U.S. Grains Council, United Soybean Board and American Soybean Association are also at the conference.