We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Asia Shows Increasing Demand for Container Shipping of U.S. Soybeans
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

Asia Shows Increasing Demand for Container Shipping of U.S. Soybeans

April 16, 2019
No Comments

Countries in Asia, led by Indonesia, are increasingly relying on shipping containers to transport their purchases of U.S. soybeans, according to an analysis of federal data released by the Illinois Soybean Association (ISA).

The number of soybeans shipped in containers to Asian countries has grown 40 percent since the 2014-2015 crop marketing year, from 2 million metric tons to 2.8 million metric tons. Indonesia is the top buyer of container shipments of soybeans at about 1.4 million metric tons, followed by Thailand, Vietnam and Malaysia.

Container shipments of soybeans for the 2018-2019 marketing year are expected to grow by 18 percent, to 3.3 million metric tons, based on first-quarter trends. The soybean marketing year begins Sept. 1 and ends Aug. 31.

The data was tabulated for the U.S. Soybean Export Council from weekly reports released by the Federal Grain Inspection Service, which maintains crop standards and ensures markets for grains and related products are fair and transparent. The analysis did not include container shipments to China and Taiwan.

Containerized shipping offers several benefits to international buyers. It better meets the needs of smaller customers that may not be able to accommodate bulk cargo vessels or wish to purchase smaller quantities and minimize their inventory investment. Other benefits include quality preservation, the ability to buy soybeans with specific product attributes and shorter delivery times to Asian ports than the bulk-shipping channel. Overall, container shipping opens the door for diverse markets across the globe to purchase U.S. soybeans.

The continued growth in foreign demand for containerized soybeans is positive news for soybean farmers in Illinois, the top soybean-producing state in the country. Containerized shipping provides another market through which growers can sell their soybeans and creates competition in ocean transportation, ultimately lowering freight costs.

"Wider use of containers, thanks to the huge supply of empties in the Chicago area, has resulted in industry investments to increase the visibility and viability of this option," said Eric Woodie, a trade analyst with the ISA checkoff program. "There's a major opportunity to take advantage of empty containers sitting idly in the U.S. and return them to export markets with soybeans. Not only does this help alleviate a significant problem in global trade, but it offers great value to international buyers, soybean exporters and Illinois farmers."

The ISA checkoff and membership programs represent more than 43,000 soybean farmers in Illinois. The checkoff funds market development, soybean production and profitability research, issues analysis, communications and education. Membership and advocacy efforts support Illinois soybean farmer interests in local areas, Springfield and Washington, D.C., through the Illinois Soybean Growers. ISA programs are designed to ensure Illinois soy is the highest quality, most dependable, sustainable and competitive in the global marketplace. For more information, visit the website www.ilsoy.org.

More Info: http://www.ilsoy.org

Submit your logistics, material handling, or supply chain related company news in Supply Chain Quarterly's's Industry Press Room section or New Products section
  • Related Articles

    Illinois Soybean Association Rallies U.S. Growers to Consider Shipping Via Container

    Navis Unveils Lashing Monitor Reducing Risk of Container Loss and Damage, Increasing Safety at Sea

    DCSA Establishes Track and Trace Standards for the Global Container Shipping Industry

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Forecasts call for freight rate slumps in 2023

  • Projected U.S. recession in early 2023 will soften freight market

  • Inflation drops again as interest rate hikes hit home, NRF says

  • How to avoid the next crisis: A new approach to supply chain agility

  • New Jersey truck fleet says Freightliner tractors will deliver safety as well as freight

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

  • THE NEW WAY TO WAREHOUSE: 4 Innovations in Automation & Robotics to Boost Warehouse Productivity

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing