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South Korea, Vietnam, Thailand, Indonesia and Japan were among the top 10 markets for US DDGS in 2017/2018, together importing 4.5 million tonnes out of total US exports of 11.7 million tonnes. Vietnam imported about 1.05 million tonnes, roughly double the prior year.
Strong Asian demand supports US DDGS export pull and absorbs supply, which can firm FOB values and partly offset domestic oversupply from ethanol expansion.
essentica.euEssenticaMar 20, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
