WASHINGTON, D.C. (RFD News) — As the White House works to expand trade opportunities, grain groups are doubling down on efforts to bring in more customers.
The U.S. Grains and BioProducts Council recently added “BioProducts” to its name, and Chairman Jay Reiners said the change is part of an effort to boost international trade.
“As the traders and government officials in foreign countries get older and retire, there’s a whole new group of youngsters coming up or brand-new industries, and it’s like: Why are we talking to U.S. Grains Council? What do you have to do? We don’t deal in grains. There’s a whole gamut of things. BioProducts Council came into play not only the ethanol and DDGs but also, we got the future of biochemicals and bio-plastics and all that. Hopefully the name change will last for the next 30–40 years.”
Reiners said increasing export demand is critical to creating value beyond the local elevator.
Traders are watching for additional purchases despite continued weakness in Chinese demand.
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