Source: U.S. Department of Agriculture and the U.S. Grains Council
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.