The Northern Crops Institute (NCI) and World Initiative for Soy in Human Health (WISHH), held a one-day seminar in Phnom Penh, Cambodia on May 20, 2019.
The course highlighted the basics of buying feed ingredients from the United States, working with suppliers, managing quality, and how to manage the price risk on commodities, with special emphasis on soybean meal.
About a dozen Cambodian feed millers and importers heard from Mike Krueger, a risk management consultant, and Mark Jirik, director of the Northern Crops Institute in Fargo, ND.
“Cambodia is one of the fastest growing economies in Asia with an estimated 65% of their population under the age of 30,” stated Jirik. “Their demand for better diets that include meat fed US soybean meal and other commodities continues to grow as well.”
In addition, Krueger and Jirik had several one-on-one meetings with companies during the trip to talk about specific needs and areas of focus.
“Programs like this are instrumental in both helping us grow markets for US based crops, as well help us refine the work that we do to help grow markets in other geographies.” Stated Jirik.
A number of participants from the one-day workshop will be attending an upcoming ten-day short course in Fargo hosted by the Northern Crops Institute.