Cooperators included the Export Council of Soy from USA (USSEC); the US Wheat Association (USW); the US Grain Council (USGC), and the US Rice Federation.
The Conference of Agricultural Cooperators of the Americas 2022 brought together more than a hundred industry representatives from the Americas region, in particular from Latin America, a market that in 2021 registered imports of almost 7,000 million dollars (14.4 million metric tons) of US soybeans and a record imports of 75,000 million dollars in total US food and agricultural products.
Population growth, poverty reduction (recently overshadowed by Covid-19) and the growth of the middle class have led to an overall increase in livestock production and meat consumption and, in turn, to more exports of soy America to the region in recent years.
In addition, the Conference had conferences and panels on innovation, quality and sustainability, which allowed attendees to learn about and analyze different topics and trends around the world trade of soyrice, corn and wheat.
“This great conference allowed the leaders of the region to learn about the different perspectives of production, market expectations, animal nutrition and applied sustainability. It was an excellent platform to learn from each other in an effort to build a joint path towards a more sustainable agricultural future,” said Carlos Salinas, director of the Americas region at the Export Council of the Soy of USA (USSEC).
Facts and figures of interest
? In 2021, the export of beans from soy in the Americas added the 12% of the global figure. Peru, Colombia, Costa Rica, Mexico and Canada accounted for almost 98% of sales in the region. (USDA)
? In particular, countries such as Peru, Colombia and Mexico, for example, have experienced notable growth in meat consumption over the last decade, with a 175%, 144% and 48%, respectively. In addition, according to the OECD-FAO, feed use in the region is expected to increase by 13% by 2031. USSEC works closely with poultry, swine, aquaculture and feed importers and producers throughout the region to capitalize on these favorable conditions.
? According to the recently published OECD-FAO Agricultural Outlook 2022-2031, agricultural and fisheries production in the region is expected to expand by 14% over the next decade. almost the 40% of this growth will come from livestock and fishery production. Regarding meat consumption, the region averages 61 kg per capita per year, almost double the world average level.
Dominican Republic
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? In 2021, the Dominican Republic represented the 7% of regional sales of flour soy American and the 13% of the oil of soy American.
