U.S. DDGS exports up 6%

22.08.2016

The U.S. Department of Agriculture’s (USDA) latest report on trade data showed exports of U.S. distiller's dried grains with solubles (DDGS) to all countries are up 6% this marketing year, ending Aug. 30., the U.S. Grains Council (USGC) said. If this pace continues, the export tally for the year should approach 12 million tonnes, near a record set during the 2013-14 marketing year.

Southeast Asia as a region has seen DDGS exports rise more than 50% this year with notable gains from Vietnam (up 76%), Thailand (up 29%) and Indonesia (up 42%). In fact, at 1.7 million tonnes so far, DDGS exports to Southeast Asia now exceed those to Mexico (up 18%), the USGC said.

Rounding out the top export markets are South Korea and Turkey with gains of 39% and 70%, respectively, largely due to discounted prices, according to the USGC.

The increased pace of exports is a positive development for overall demand of U.S. grains, particularly in light of the large corn crop nearing harvest and continued robust ethanol production figures, the USGC said.

 


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