Free trade partners were biggest consumers of US corn products
Free trade agreement partners purchased more than half of all US exports of grains in all forms (GIAF) in the 2019/2020 marketing year, according to the US Department of Agriculture and analysis by the US Grains Council (USGC).
The US has 14 official FTAs in place with 20 countries. These trading partners represent some of the largest and most loyal customers for exports of US corn, barley, sorghum, ethanol, distiller’s dried grains with solubles (DDGS) and other coarse grain products.
“The continued strength of demand from trade agreement partners once again emphasises the importance of the market access provided by these agreements,” said Ryan LeGrand, USGC president and chief executive officer.
“Working to defend and expand markets allows the council to do what it does best – capture short-term opportunities and build long-term demand for US coarse grains and co-products.”
For the 2019/2020 marketing year, US FTA partners imported 53% of all US GIAF exports at 53.4 million metric tonnes, equivalent to 2.10 billion bushels.
The US-Mexico-Canada Agreement continues to rank as the top FTA for grain-related trade.
Mexico claimed the top spot for imports of US GIAF in the 2019/2020 marketing year at 23.7 million metric tonnes (equivalent to 933 million bushels).
By commodity, Mexico was the top international buyer of US corn DDGS and barley/barley products; the second largest global destination for US sorghum; and the seventh biggest market for exports of US ethanol.
The US has 14 official FTAs in place with 20 countries. These trading partners represent some of the largest and most loyal customers for exports of US corn, barley, sorghum, ethanol, distiller’s dried grains with solubles (DDGS) and other coarse grain products.
“The continued strength of demand from trade agreement partners once again emphasises the importance of the market access provided by these agreements,” said Ryan LeGrand, USGC president and chief executive officer.
“Working to defend and expand markets allows the council to do what it does best – capture short-term opportunities and build long-term demand for US coarse grains and co-products.”
For the 2019/2020 marketing year, US FTA partners imported 53% of all US GIAF exports at 53.4 million metric tonnes, equivalent to 2.10 billion bushels.
The US-Mexico-Canada Agreement continues to rank as the top FTA for grain-related trade.
Mexico claimed the top spot for imports of US GIAF in the 2019/2020 marketing year at 23.7 million metric tonnes (equivalent to 933 million bushels).
By commodity, Mexico was the top international buyer of US corn DDGS and barley/barley products; the second largest global destination for US sorghum; and the seventh biggest market for exports of US ethanol.
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