According to the American Soybean Association, said Wednesday in Southeast Asia on behalf of long time U.S. sales in Southeast Asia has been poor this year is an exception, the U.S. soybean meal exports in Southeast Asia hit a decade high.
Although with the new bean harvest in South America, the U.S. soybean meal exports to the Southeast Asian region has begun to slow down the pace, but this year's soybean meal exports could total more than 2 million tons, higher than the previous year's 800,000 tons.
October 1, 2009 to 8th April 2010, the U.S. soybean meal exports in Southeast Asia reached 1.9 million tons, 450,000 tons higher than the same period last year. U.S. soybean market share in Southeast Asia, 9% from the same period last year surged to more than 20%.
Typically, buyers in Southeast Asia in October to next March during the import from South America and India, a large number of soybean meal. However, suffered the effects of drought last year in Argentina, leading to the supply of soybeans and a sharp decline in manufactured exports, India soybean processing margins are thin, farmers keep stocks reluctant sellers, so buyers had to soybean meal hunting could lift from the United States.
Vietnam, Argentina and India, soybean meal is usually a loyal buyers, but since last October, Vietnam has purchased 300 thousand tons from the United States soybean meal.
Soybean meal demand in the Philippines about a year from 130 to 1,500,000 tons, nearly half as dependent on the U.S. to meet demand.
As the demand for resumption of poultry, soy sales also increased. September 1, 2009 to 8th April 2010, the U.S. soybean exports in Southeast Asia reached 1.7 million tons, higher than the 1.1 million tons a year earlier. Annual export volume may reach 200 million tons, higher than the previous year's 1.8 million tons.
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