Asian Markets Continue to Grow for U.S. Soy
In Southeast Asia, four countries are ranked within the top 20 global broiler producers
With so much attention on China over the past year, it’s easy to overlook the other numerous international markets served by U.S. Soy, including many on the Asian continent, reports USSoy.org.
Asia offers a wide range of differing export markets. The U. S. Soybean Export Council (USSEC) generally divides Asia into three regions: Greater China, North Asia, Southeast Asia and the Asia Subcontinent. Greater China includes Taiwan and China; North Asia is comprised of Japan and South Korea; and Southeast Asia includes Indonesia, the Philippines, Thailand, and Vietnam, among others.
In Southeast Asia, four countries are ranked within the top 20 global broiler producers, says Timothy Loh, USSEC Regional Director – Southeast Asia.
“And in global aquaculture production, we have three countries ranked in the top 5 and another three countries ranked in the top 12. For global pork production, Vietnam and the Philippines ranked no. 5 and no. 7, plus Thailand is the world’s third largest exporter of broiler meat,” he adds.
And Korea provides great opportunity for food grade soybeans and, eventually, high oleic soybean oil.
For a detailed look at each market, visit USSoy.org.