November 23, 2010

US soy exports hit four-year consecutive record

The US continues to observe record soy exports and experts say demand only continues to increase, said John Ray, from the United Soy Export Council.

60% of US soy gets exported and out of the 60%, 25% of the US crop is going to China.

Other countries such as Japan, South East Asia, Philippines, and Vietnam purchase US soy. Experts said that in order to keep buyers returning for more in this competitive market, they need to concentrate on quality particularly in the northern tier.