A Canadian Soybean Delegation has recently returned home from a program to Japan. The week-long program visited Osaka and Tokyo from January 18th to 25th and focused on further enhancing Canada‚Äôs relationship with Japan.
The delegation met with industry associations, government officials and private corporations to promote Canadian soybeans for food use to potential international buyers, gathered market intelligence from end-users and government officials on soybean market trends in Japan, and gained knowledge of new market opportunities that are available. The delegation included representatives from across the soybean value chain including producers, soybean exporters, and government officials.
The program included two large industry seminars in both Tokyo and Osaka. Over 180 researchers, whole sellers, and soy food manufacturers from the Japanese soy industry attended. This year‚Äôs seminars were titled ‚ÄúCanadian Soybeans: A Success Story‚ÄĚ which highlighted Canada‚Äôs ability and commitment to delivering a high quality product to our customers.
The delegation also visited several soy food manufacturing companies. Here, the delegation toured facilities and gained a better understanding of the dynamic soy food industry in Japan.
Nicole Mackellar is a Market Development Coordinator at Grain Farmers of Ontario and was a part of the delegation. She said initiatives like this outgoing program increase market access for our high-value soybeans.
‚ÄúThe program allows the Canadian delegation to interact first hand with Japanese soyfood manufactures, distributors and researchers,‚ÄĚ says Mackellar. ‚ÄúThe knowledge obtained is used to better understand the quality characteristics needed in our soybean varieties to meet their needs.‚ÄĚ
Japan is Canada‚Äôs largest market for food grade soybeans and third largest market in the world. On average over 350,000 metric tonnes are exported each year with a total value of over $225 million. Ontario continues to be the largest exporting port for non-GMO food grade soybeans to Japan. Developing further opportunities in this important market is important for the continued growth of Canada‚Äôs soybean industry.