Can you guess the latest export market to be opened?

posted by Andy Petersen - 

Shifting trade patterns and growing feed markets are creating new export opportunities for U.S. corn co-products in the South Asian markets. Representatives from the U.S. Grains Council explored the markets of Bangladesh and Sri Lanka last month. Both countries are currently importing small quantities of U.S. dried distiller’s grains with solubles. A USGC representative said: “There is appetite in both countries for U.S. products.” Bangladesh has imported nearly 135,000 metric tons of U.S. DDGS this marketing year, continuing a sharp upward growth curve over the last two marketing years, in addition to 5,000 tons of corn gluten feed/meal. Sri Lanka’s imports of U.S. DDGS increased 8.2 percent year-over-year to nearly 22,000 tons. The Grains Council says the feed industries in both countries continue to grow across livestock sectors - aquaculture, poultry, layers, broilers and dairy - as populations increase and incomes rise.

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