As the entrepreneurial spirit in Vietnam continues its rapid growth, U.S. farmers see increasing potential in this rapidly growing market. During a recent mission to the country, organized by the U.S. Grains Council, participants saw first-hand the opportunities in this market while also learning the importance of a carefully nuanced approach to the expansion of U.S. agricultural exports in this region.
The nine team members, all of which represent state corn marketing groups, met with international customers and key foreign government officials with whom they shared insight into the U.S. corn supply and quality in 2011. Vietnam, which has the fastest growing corn market in Asia, currently fills its corn needs with domestically grown crop and imports from nearby countries, but the group left meetings encouraged that this market has the potential to import U.S. corn.
“The dramatically changing consumer habits will increase grain demand in Vietnam. We need to continue to educate Vietnamese buyers and farmers on benefits of buying from the United States,” said Corn Marketing Program of Michigan President Pat Feldpausch, who participated in the mission.… Continue readingRead More »