Miguel Galdos with US Wheat Associates in Santiago Offers Upbeat View of US Wheat Prospects to OALP Class 19Tue, 18 Feb 2020 17:04:24 CST
Miguel Galdos is the Regional Manager for US Wheat in the Santiago, Chile office. He and his team represent US Wheat farmers in much of South America- including in Bolivia, Brazil, Chile, Ecuador, Peru and Columbia.
Galdos spent time with Class nineteen of the Oklahoma Ag Leadership Program in Santiago on Tuesday as the class continues their capstone experience in Chile this last half of February. Galdos told OALP class members that the region served out of Santiago is a twenty million ton market annually- and that the US has been able to capture twenty to thirty percent of the market consistently. He believes some things are happening that bode well for US sales of Hard Red Winter wheat into South America.
One of those factors is the recently announced tariff quota rate that Brazil has established for up to 750,000 metric tons of wheat to be imported into Brazil with no import tax- those sales to come from non Mercosur countries. He's hopeful that US interests will be competive for our share of the quota.
Looking ahead, Galdos has a goal of getting US wheat market share up to 40% in the region- telling Radio Oklahoma Ag Network Ron Hays after his presentation to the OALP- "well, it's a very embitious number- but we are hungry and we know that our hard red winter is a very versatile wheat that can be used for different end uses. and especially for baking puposes. Nearly 70% of the total wheat imported in our region is going to the baking industries. Galdos adds US Wheat Associates is working with bakers to show the advantages of US Hard Red Winter wheat in South America.
Listen to the complete conversation between Miguel Galdos and Ron Hays- click on the listen bar below.
The intertnational travel to Chile is the Capstone experience for the Class Nineteen Members of the Oklahoma Ag Leadership Program, a two year program that was established in 1982- based on a public-private partnership of Oklahoma State Univerxity and groups and indivisuals invovlved in agriclture. Over 500 graduates of the program have made a difference in rural life and production agriclture locally and nationally,
To learn more about the program- and to find our how you or someone you know can apply to be a part of Class XX- click or tap here.
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