During the 2016 U.S. Soy Global Trade Exchange in Indianapolis, buyers from China committed to buy nearly $1.8 billion worth of U.S. soy, totaling 146 million bushels of new crop U.S. soybeans. Several of these commitments were made official at a signing during the event, hosted by the U.S. Soybean Export Council (USSEC).
Sherwin Li, Vice General Manager, Chinatex Grains and Oils participated in the signing and said his company imports about 1.5 million metric ton of soybean each year.
He also commented on the signing stating, “I think it’s a big event for Chinese and U.S. soybean industries. With the development of China, we need a lot of importing to supply to our people to increase life-standard and safety of the food.”
Sherwin said it’s obvious that U.S. is one of the largest soybean providing around the world. “If you want to have good quality…we need to choose U.S.”
Listen to my complete interview with Sherwin here: Interview with Sherwin Li, Chinatex
View and download photos from the event here: 2016 US Soy Global Trade Exchange Photos