on May 19, 2008
Taiwan: USGC advises feed millers on risk management
U.S. Grains Council advises Taiwanese feed millers on how to buy cost-efficient grains
With high grain prices and ocean freight rates affecting the feed industry globally, the U.S. Grains Council is advising Taiwanese feed millers on how to buy grains cost-efficiently. Through field visits and risk management seminars, USGC consultant Robert Hodgen of J.D. Heiskell & Company's California branch has been working with the council's Taipei office on informing feed millers in Taiwan about the use of Futures and Options trading to manage price risk. Taiwan imports 5 million metric tons (197 million bushels) of corn annually, of which over 90 percent is U.S. origin. Of that amount, the feed industry uses 95 percent.