(NAFB)--Leaders from the Soy Checkoff and American Soybean Association met with Middle Eastern and North African customers this week to discuss secure ways to maintain exports during turbulent times.
ASA Chairman Steve Wellman says Middle Eastern markets represent a valuable and impactful dual opportunity for the U.S. soy family. Wellman says soybeans provide nutritious protein for those in need.
As the markets emerge and buying power increases - he says demand for animal agriculture products that involve soybeans increases - too. Most soybean imports in the Middle East and North Africa are crushed - and soybean meal is used for poultry and agriculture feed - leaving oil for cooking and frying. From 2010 to 2011 - Syria brought in 18-million bushels of U.S. soybeans. Through the meeting this week - U.S. soy leaders hope more stable trade lines can be found to increase exports to the region.