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The U.S. Grains Council has been engaged on increasing U.S. distillers dried grains with solubles (DDGS) exports to Korea by means of two methods – rising DDGS inclusion charges in animal feeds and offering business-to-business interactions between U.S. suppliers and Korean patrons. In 2020, the COVID-19 pandemic prevented the Council from internet hosting its deliberate in-person technical seminars and buyer-supplier conferences. As a substitute, outreach shifted to a wide range of packages and actions to assist the Korean feed trade keep inclusion charges regardless of a difficult value setting firstly of COVID-19 restrictions.
In Might 2020, the Council’s Korea workplace printed and distributed to the feed trade 250 copies of the Korean model of the Council’s DDGS Handbook as a way to promote larger inclusion charges of U.S. DDGS in all livestock rations. The North Asian Council places of work (Korea, Japan, and Taiwan) collectively held a digital seminar on the environment friendly use of U.S. DDGS in livestock and poultry feed in July, with greater than 80 Korean feed corporations participated on-line. In October, 75 DDGS patrons and end-users participated in Digital Grain Alternate 2020 to obtain up to date market info and to satisfy U.S. DDGS suppliers just about.
By way of these actions to show the Council’s understanding of obstacles and options for the evolving market, shut communication with native trade, and offering the expertise and market info that patrons need, DDGS purchases have been maintained regardless of the COVID-19 pandemic’s market impacts. A complete of $245 million (1,221 TMT) of U.S. DDGS was exported to South Korea, a seventh consecutive report 12 months of exports. Throughout that point, the typical DDGS feed inclusion ratio had elevated considerably from 2.2 % in 2013 to six.1 % in 2020.
In comparison with 2013, U.S. exports of DDGS to Korea elevated 100.4 % from $124.7 million in 2013 to $249.9 million in 2020. By quantity, exports elevated 224.3 %, from 376.5 TMT to 1,221 TMT. Over the previous seven years, the Council has invested $517,000 of MAP and ATP funds to help elevated U.S. DDGS exports of $125.2 million, making a return on funding (ROI) of $242 for each $1 invested.
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