News & Events
While price is an important consideration for buyers of corn and other commodities, the United States’ reputation for reliability and honesty is also a significant market asset. The U.S. Grains Council has been promoting these benefits in top markets around the globe and will continue to do so as the United States begins harvest for another record corn crop.
The United States exported more than 11 percent of the U.S. corn supply in the 2013/2014 marketing year, which ended Aug. 31. More than 100 countries purchased the U.S. commodity.
This U.S. Grains Council’s Chart of Note shows the value of trade to consumers where they feel it most directly: household expenditures on food.
Japan’s Ministry of Agriculture, Forestry and Fisheries (MAFF) has proposed revisions to its feed labeling regulations to allow feed manufacturers greater flexibility to respond to changes in the cost of ingredients.
Representatives from the U.S. Grains Council (USGC), Renewable Fuels Association (RFA) and Growth Energy traveled this week to Japan and Korea to explore the potential for U.S. ethanol in those markets.
The trip is part of a wider look at potential overseas markets for this renewable fuel, which is in increased demand due to mandates for cleaner fuel and its overall affordability.
Japan and Korea are two key markets for U.S. corn, importing 11.7 million metric tons (460.6 million bushels) and 4.9 million tons (192.9 million bushels) for the 2013/2014 marketing year. Yet, a high level of engagement with the industry, trade and government is still needed to defend U.S. market share.
Export Exchange 2014™ will play host to international trade teams from more than 30 countries on Oct. 20 to 22 at the Sheraton Seattle Hotel, including key buyers and end-users from Japan, the largest export market for U.S. corn. Comprised of corn millers, compound feed millers and traders, the Japanese trade teams’ goal for attending the bi-annual conference is to learn more about U.S. coarse grains and co-products while building strong relationships with U.S. suppliers.
Exports of both U.S. corn and U.S. sorghum finished the 2013/2014 market year strong, with increases of more than 150 percent and 200 percent over the same time period last year, respectively.
Despite their aim for a final outcome later this year, negotiators from the 12 countries engaged in the Trans-Pacific Partnership (TPP) talks did not achieve any major breakthroughs in recent meetings.
Japan is consistently among the world’s leaders in biotechnology regulation, boasting a system that is science-based and, therefore, effective, timely and transparent. This does not happen by accident. Among the key contributing factors are the sophistication and scientific integrity of the regulatory teams that implement the system.
A team of national news reporters and key opinion leaders from Japan visited the United States recently to learn about the latest developments in biotechnology, gaining accurate information and first-hand observations to share with interested audiences back home.