USGC Partners Attend NCI Procurement Course

By US Grains Council | October 13, 2022

The US Grains Council recently hosted a group of nine buyers primarily from North Africa (Morocco), the Middle East (Turkey and Israel) and West Africa (Senegal and Nigeria) who participated in the Northern Crops Institute (NCI) Coarse Grain Sourcing Training.

The course provided feed grain buyers and end users with lectures and tours that provided market intelligence and marketing information, while helping the Council continue to build strong relationships with key regional corn importers. .

The 10-day course gave team members a better understanding of how end users source grain and use financial tools such as options and futures. They had the chance to gain an in-depth knowledge of United States grain handling and its marketing systems through a combination of intensive classroom seminars at NCI and the North’s Commodity Trading Room. Dakota State University (NDSU).

Throughout the program, participants learned how to extract and analyze market information and assess risk when trading through simulated exercises. After the training, the team also visited nearby grain farms to review the current year’s corn crop and traveled to Duluth, Minnesota to tour the Port Authority’s export facility and an American grain trader.

“The Middle East and Africa region is a dynamic and growing region for US coarse grains and co-products. As an example, Senegal recently started importing US corn co-products,” said Mohamed Salah Bouthour, USGC Deputy Regional Director for Africa. “Through educational programs like this, the Council is able to expand its influence within emerging industries in the region to develop future markets and enable trade.”

Together, Turkey, Morocco and Israel imported approximately 1.65 million metric tons of US Distillery Dried Grains with Solubles (DDGS) and Corn Gluten (CGF) combined in the 2020/21 marketing year, making them major markets for US corn co-products in the region.

“The Council provides key market intelligence and technical assistance through activities such as NCI Sourcing Courses to ensure that key partners in the region remain informed of market conditions,” Bouthour said. “It is imperative to ensure that importers understand all of the necessary mechanics within the grain trading industry when overseas customers are making purchasing decisions.”

About Stuart M. McFarland

Check Also

Free smartphone filmmaking course comes with Zacuto Smart Z-Finder

In partnership with Rob Kaczmark and MZed, Zacuto expresses their gratitude to all supporters of …