Pan Ocean Signs MOU with Kaian of Vietnam for Supply of U.S. Feed Grains

Supplying 1.2 Million Tons to Vietnam by June 2028
"Accelerating Entry into Vietnam, Southeast Asia's Largest Grain Market"

Pan Ocean announced on June 4 (local time) that it had signed a Memorandum of Understanding (MOU) in Columbus, Ohio, USA, with Kaian, a leading Vietnamese importer of feed grains, for the supply of U.S. grains.

Jung Dosik, Head of Pan Ocean Singapore Branch (left), and Nguyen Tuan Nam, Chairman of Kaian, are taking a commemorative photo after signing a Memorandum of Understanding (MOU) for the supply of U.S. feed grains on the 4th (local time) in Columbus, Ohio, USA. Photo by Pan Ocean

The two companies plan to supply a total of 1.2 million tons of U.S. feed grains?including corn, soybean meal, and wheat?to the Vietnamese market over a three-year period from next month until June 2028.

This MOU was signed after Kaian decided to expand its imports of U.S. grains in response to increasing demand for alternatives to South American grains. Last year, Kaian also signed an MOU with global grain company Cargill for the supply of U.S. grains.

Pan Ocean explained that it was able to sign this MOU due to its ownership stake in the U.S.-based grain terminal EGT and its track record of reliably supplying U.S. grains to the Korean market for several years.

A Pan Ocean representative stated, "We plan to actively utilize our strategic asset, EGT, to strengthen our global grain distribution chain and accelerate our entry into Vietnam, the largest grain market in Southeast Asia. We will maximize synergies between the two companies and further solidify Pan Ocean's position in the global grain market."