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Promising Markets for Soybean Exports

India, Ghana two possible markets the U.S. Soybean Export Council is exploring

Soybeans 161205

China was the top market for U.S. soybeans, accounting for $14 billion in sales before a 25% tariff went into effect in 2018, reports

Brian Kemp, Sibley, IA, has seen some promising markets emerge for soybeans in the year and a half he has been on the U.S. Soybean Export Council.

One market is India with a population of 1.3 billion and the second-most populous country behind China, which has 1.4 billion people.

Another market that is in the early stage is Ghana — a country in West Africa with a population of 30 million. The country recently had an upturn in its economy due to an increase oil and mining production.

Read the full report here.

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