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Vietnam lifted its suspension of U.S. DDGS imports in September 2017 after a 2016 quarantine-pest ban. Vietnam has since bought more than 213,000 tons of U.S. DDGS in the first months of the 2017/18 marketing year, a steady uptick.
The report credits joint efforts by the U.S. Grains Council, APHIS and USTR for reopening the market.
Restored access to Vietnam, historically a top DDGS buyer, supports U.S. export demand and firmer DDGS values. The reopening adds to Southeast Asian demand that has already set records this marketing year.
biofuelsdigest.comMeghan SappJan 30, 2018Not 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.
