Fourteen of the 18 countries ASA/WISHH currently works in (Bangladesh, Cambodia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Myanmar, Nicaragua, Nigeria, Pakistan, Senegal, Sri Lanka, and Uganda) are now importing U.S. soy as a direct result of ASA/WISHH’s activities. On combined average, all the countries in which ASA/WISHH is actively building U.S. soy markets in 2020 are developing markets which have less food security than India and, therefore, their protein needs hold more upside export potential for U.S. soy.
Proof of ASA/WISHH’s recent successes include bringing new export markets on-line for U.S. soy are Pakistan, Bangladesh and, as of March 2019, Nigeria poultry. Value chain maturation and U.S. soy exports to certain sectors (animal feed, aqua feed or food) within those countries have grown to such a high level that they exceed Developing Market status and have graduated to Emerging or Expansion markets. As a result, the project management of market sectors were graduated over the last four years by ASA/WISHH to the U.S. Soybean Export Council (USSEC).
In 2010, ASA/WISHH’s developing aquaculture market sector in Pakistan went from importing zero U.S. soy products, to over 9 million bushels in 2015. From there, Pakistan’s import tariffs changed to favor importing whole U.S. soybeans rather than soybean meal. In addition, the poultry industry and edible oil sectors WISHH was working on matured much faster than originally projected, so ASA/WISHH determined those sectors had grown to Emerging Markets status and graduated them over to USSEC in late 2017. At graduation, Pakistan was about a 12-million-bushel market for U.S. soy. One-year post graduation, Pakistan imported nearly 17.4 million bushels and in 2018 became U.S. soy’s 12th largest export destination.
Some of ASA/WISHH’s target markets are in Africa, a continent whose fertility rate is 170% higher than India’s and whose population is expected to double by 2050, to 2.1 billion.
Video: https://www.youtube.com/watch?v=LLEkjaYRvJI