U.S., Brazilian soybean farmers try to stoke demand in India
U.S. soybean farmers are partnering with Brazilian soybean farmers to promote global demand for soybeans in India, the American Soybean Association said Friday.
Last week U.S. soybean farmer-leaders met with Brazilian farmers in Mumbai to discuss how they could work together to increase market potential and improve soybean farmer profitability by removing trade barriers and improving market access.
The farmer-leaders signed a Global Grower Development Agreement between the United States Soybean Export Council and APROSOJA, the Soybean Producers Association of Mato Grosso.
The agreement will focus on removing barriers to trade with India, and the two countries will work on reverse marketing in India, allowing that country to consume more of its own soybeans and soybean meal. Similar agreements were signed by U.S. farmer-leaders with Paraguayan farmers in June, and with Argentine farmers in October.