The Myanmar livestock feed industry is poised for expansion, but experts say U.S. Soy will need to establish customer preference before others to fully capitalize on the market.
A three-day trade mission to Myanmar in mid-May revealed an untapped market that, combined with other Southeast markets, could drive demand in a supply heavy U.S. soybean market.
By some estimates, the Myanmar feed industry could experience double-digit growth for the next five to seven years. For U.S. soybean meal to be part of that growth, soy representatives say an understanding of infrastructure and logistics in Myanmar will be key. U.S. representatives will also need to educate owners of feed mills about the quality of U.S. Soy.