Taiwan: USGC advises feed millers on risk management

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.