South Korea: Import of US soybean meal with sustainability certification

Published Feb 13, 2024

Tridge summary

POSCO International has imported American soybean meal with a sustainability certificate into Korea, sparking interest from domestic feed companies. The 50,000 tons of soybean meal was purchased from AGP, an American grain supplier, and certified by Soy Export Sustainability, a subsidiary of the United States Soybean Council. An additional 2,000 tons is expected to arrive next month. The demand for sustainability certificates is on the rise, potentially increasing the marketability of American soybean meal.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

American soybean meal that has received a sustainability certificate is being imported into Korea, attracting the attention of domestic feed companies. According to POSCO International, the shipper, the owner of the cargo, requested a sustainability certificate for American soybean meal that arrived at Incheon Port on the 31st of last month, and a sustainability certificate was attached to the soybean meal mother ship purchased from AGP, an American grain supplier. A total of 50,000 tons of American soybean meal arrived at Incheon Port this time, of which approximately 30,000 tons were unloaded at Incheon Port and arrived at Ulsan Port on the 7th, and 20,000 tons are being unloaded. This sustainability certification was received by POSCO International from AGP at the request of the shipper, and the issuer is SES (Soy Export Sustainability), a subsidiary of the United States Soybean Council (USSEC). An official from the American Soybean Association explained, “If you purchase ...
Source: Aflnews

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