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Southeast Asian countries imported a record 2.3 million tonnes of U.S. DDGS in the 2016-17 marketing year, according to the U.S. Grains Council. Vietnam's temporary suspension cut its purchases by half, but growth in Thailand, Indonesia and new buyers offset the loss.
Vietnam and Indonesia have continued buying in 2017-18.
Diversified demand across Southeast Asia makes U.S. DDGS exports more resilient to single-country bans. Continued buying supports DDGS prices and the case for DDGS as a substitute feed ingredient.
world-grain.comArvin DonleyJan 19, 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.
