A number of global megatrends can mean new opportunities for agribusiness moving forward, according to Chris Nolan with PricewaterhouseCoopers (PwC), who gave the keynote address at the 2016 Export Exchange this week in Detroit. Nolan identified five global megatrends – demographic shifts, global economic power shifts, accelerating urbanization, resource scarcity, and evolving technology – that provide opportunities for the agricultural …
#ExEx16 Considers Election Impact on Trade
Renewable Fuels Association president and CEO Bob Dinneen had the unenviable task of talking about the U.S. presidential election to an international audience at Export Exchange 2016 today in Detroit. “I know half of you are sick to death of the election and just want it over, and half of you are watching in somewhat bemused amazement wondering what in …
Hundreds in Detroit for #ExEx16
Hundreds of buyers and sellers of U.S. coarse grains and ethanol co-products have arrived in Detroit for Export Exchange 2016 and even though they are from more than 30 countries they are busy making connections and building relationships. The event, which has been held every two years since 2010, is co-sponsored by the U.S. Grains Council (USGC) and the Renewable …
Record #Corn #Harvest Sets Tone for #ExEx16
An anticipated record corn harvest combined with expected record production of animal feed co-products forms the backdrop for the 2016 Export Exchange (#ExEx16) coming up next week in Detroit. More than 200 international buyers and end-users of coarse grains and co-products, including distiller’s dried grains with solubles (DDGS), are expected to attend this biennial networking event co-sponsored by the U.S. …
RFA Celebrates National Farmers Day
Today is National Farmers Day and the Renewable Fuels Association (RFA) is sending out a big thank you to farmers in honor of their role in producing food, fuel and fiber for the U.S. and the world. RFA quotes the words of Thomas Jefferson, “Agriculture is our wisest pursuit, because it will in the end contribute most to real wealth, …
Ethanol & DDG Exports Continue to Rise
Government data analyzed by the Renewable Fuels Association (RFA) shows that U.S. ethanol exports for August 2016 totaled 77.9 million gallons (mg), an increase of 12 percent from July. The top monthly customer was Brazil with 25.1 mg followed by Canada at 20.9 mg. India increased its exports to 14.0 mg while the remaining exports went to 31 markets. Year-to-date, …
#Ethanol Report on Upcoming Export Exchange
With the recent action taken by China against imports of U.S. dried distillers grains (DDGS), the upcoming Export Exchange is more important than ever to expand export opportunities for the ethanol co-product used as livestock feed. This year will be the third Export Exchange, an event sponsored every two years by the Renewable Fuels Association and the U.S. Grains Council …
China Adds Anti-Subsidy Duties to US DDGS
China’s Ministry of Commerce (MOFCOM) has announced it will now impose an anti-subsidy duty on U.S. imports of distillers’ dried grains (DDGS) (with or without solubles), in addition to the anti-dumping duties announced last week. The anti-subsidy duties will be implemented as of September 30 and range from 10 to 10.7 percent. The U.S. Grains Council (USGC), Growth Energy and …
China Imposes Duties on U.S. DDGs
China’s Ministry of Commerce (MOFCOM) issued a preliminary ruling Friday claiming that U.S. dried distillers grains (DDGS) are being dumped and have caused injury to China’s DDGS industry and imposing immediate duties of 33.8 percent on the import value of the DDGS. The U.S. Grains Council (USGC), the Renewable Fuels Association (RFA) and Growth Energy issued a joint statement saying …
#Ethanol, DDG Exports Jump in July
The month of July saw a jump in ethanol and distillers grains with solubles (DDGs) exports. According to Geoff Coooper, Senior Vice President of the Renewable Fuels Association (RFA), total U.S. exports for the month were 69.3 million gallons (mg), a 49 percent increase from June and the highest since April. Top destinations included Canada (19.9 mg), Brazil (15.2 mg) …