Soy Canada announced the completion of a very successful and productive visit to China as part of the Minister of Agriculture Lawrence MacAulay’s trade mission.
The November 1-12 trade mission marked Soy Canada’s second market development visit to China and saw the delegation visit with a number of key Chinese soybean industry stakeholders in Beijing, Shanghai and Guangzhou. Soy Canada hosted two information seminars and showcased the quality of Canadian soybeans at three different “Export Cafes.”
China is the Canadian soybean industry’s largest export market, consuming approximately 28 percent of the food-grade and commodity soybeans exported from Canada. Over the last five years, exports of Canadian soybeans and soy products to China have increased to 1.16 million metric tonnes at a value of $588 million in 2015. Canada is the fifth largest supplier of soybeans to China.
“Demand for Canadian soybeans in China continues to trend upward,” said Jim Everson, Soy Canada’s Executive Director. “We expect exports of both commodity and food-grade soybeans to the region to increase. There is a lot of optimism surrounding the Canadian and Chinese governments’ recent commitment to engage in exploratory free-trade talks.”
Soy Canada members participating in the mission included DG Global, Grain Farmers of Ontario, Hensall District Cooperative, London Agriculture Commodities and Southwest Ag Partners. Everson concluded, “We’d like to thank Minister MacAulay and the Government of Canada for its support in promoting Canadian soybeans in China.”
Source : Soy Canada