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Nov 10, 2016
U.S. soy growers headed to Nepal this week for the first Asia Subcontinent Trade Exchange (ASC TE2016). ASC TE2016 is designed to provide information and interaction time to build trade relationships specific to the region, while also featuring substantial time for networking.
The U.S. Soybean Export Council (USSEC) and the U.S. Grains Council (USGC), along with the U.S. Department of Agriculture (USDA) hosted this conference as an opportunity for buyers and sellers of U.S. soy, corn and grain to promote stronger relationships in the region.
American Soybean Association (ASA) President Richard Wilkins is a featured speaker at the exchange, presenting an overview of the U.S. political landscape post-election, the possible effects on U.S. agriculture and also sustainable practices on his farm.
ASA Director and USSEC Chairman Jim Miller also presented remarks on sustainability on his farm.
USDA provided a regional overview from the viewpoint of U.S. agriculture, while USSEC and USGC provided a look at the Asia Subcontinent market, including how the region’s market demand has developed over the past five years, present developments and future requirements by 2020.
The Asia Subcontinent (ASC) region, comprised of the countries of Bangladesh, India, Nepal, Pakistan and Sri Lanka, has emerged as a relatively new market for U.S soy and corn products. International commodity traders and exporters as well as buyers from the ASCregion have shown growing interest in exploring opportunities and seeking solutions for the continued demand of agri-inputs.
The U.S. agriculture sector has made significant contributions in this region by providing solutions and support to various industries’ technical and trade needs, and is considered to be a preferred supplier of services and commodities.