Southeast Asia is becoming an even more important destination for US DDGS exports, accounting for around one third of the country’s sales of the product abroad.
In the first 10 months of the 2019/2020 marketing year, or September 2019-June 2020, exports to Southeast Asia grew slightly to 3.07 million tonnes from 2.95 million tonnes a year ago, with the region’s share of exports increasing to 36% from 32%, the US Grains Council (USGC) reports. Overall US DDGS exports are down year-on-year at 8.43 million tonnes.
The largest Southeast Asia market and third largest worldwide for US DDGS is Vietnam with 973,000 tonnes of purchases thus far in the marketing year, followed by Indonesia with 792,000 tonnes. In the top 10 are also Thailand with 688,000 tonnes of imports, up 20% year-on-year, and New Zealand with 219,000 tonnes, up 52%. The Philippines bought 217,000 tonnes, an increase of 17%.
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Image by U.S. GRAINS COUNCIL