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Jan 03, 2019
A new easy-to-review ASA/WISHH annual report shares how WISHH’s activities build demand and drive growth for U.S. soy. With 2018 support of 20 Qualified State Soybean Organizations, WISHH leveraged farmer dollars $6 to 1 over the past five years as it implemented programs like AMPLIFIES Ghana, a U.S. Department of Agriculture (USDA)-funded poultry feed project.
Demand growth for Ghanaian grown soybeans is already outpacing local production; 11,000 metric tons of U.S. soybeans and soybean meal was sold commercially to help finance the project. Egg markets report increased sales in targeted areas and estimates show that an additional 10 eggs consumed per person per year in Ghana equates to a 7000 metric ton in demand for soybean meal.
In 2018, WISHH also won another five-year USDA-funded project that will develop Cambodia’s aquaculture industry that recognizes the value of soy protein in feed. WISHH is also at work in Central America where exports increased to nearly 1.9 million metric tons and whole soybean exports jumped 12 percent over the previous year. High-value U.S. soy protein isolates and soy flour, used to make beverages, snacks and more, shot up a combined 22 percent. For the full report, click here.
