Daesang Ships First Lysine Batch to Brazil
Lysine, an essential amino acid for feed produced by South Korean food company Daesang, has taken its first step into the Brazilian market. The development is significant in that high entry barriers in Brazil, widely regarded as a livestock powerhouse, were overcome through cooperation between the g
Daesang, a South Korean food company, has shipped its first batch of lysine to Brazil, marking a significant milestone in the company's expansion plans. Lysine, an essential amino acid, plays a crucial role in livestock growth and protein synthesis, making it a valuable product in feed additives. The export, consisting of approximately 20 tons, was facilitated through cooperation between the South Korean government and Daesang.
The shipment took place on November 6 from Gunsan. This initial export aims to establish a foothold in Brazil, a country known for its extensive livestock production, which includes leading positions in beef, chicken, and pork production.
The Ministry of Agriculture, Food and Rural Affairs provided substantial support to Daesang in this endeavor. The support manifested through the "Public-Private Joint Support Team for Integrated Global Authorization in the Agro-Industry Sector," established in June. This team offered administrative assistance, including direct delivery of necessary documents to Brazil's Ministry of Agriculture and Livestock and conducting video conferences with local authorities responsible for approval processes.
Lim Jung-bae, Daesang's CEO, expressed appreciation for the government's active support in securing export approvals, stating that the company achieved earlier-than-expected exports. Looking ahead, Daesang plans to supply about 1,200 tons of lysine to Brazil next year, targeting annual exports worth $2 million. The company aims to increase export volumes in response to changes in local demand to secure its market share.
The ministry plans to further bolster support for overseas approval registrations and local marketing, aiming to expand support across all areas of the agro-industry sector, including lysine. This initiative underscores the potential for South Korean companies to overcome export barriers in Brazil, a market that has historically been challenging due to complex approval procedures.
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