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Investment to drive Canadian soybean export markets

Dec. 20, 2013, Toronto – The Grain Farmers of Ontario yesterday received an investment of $104,192 from the Canadian government that is meant to help the Canadian soybean industry tap new export markets.

"The Canadian soybean sector's ability to specialize in developing new food-grade varieties, while maintaining an outstanding quality assurance program is making it a growing favourite on the world stage," a press release stated. "This investment . . . aims to create export opportunities for Canadian soybeans in specialty markets by attending trade missions, conferences and trade shows."

Soybean production is concentrated in Ontario but with the new varieties developed by Canadian researchers, it is now possible to grow them in other parts of the country as well, according to the release. Canada exports over 1 billion worth of soybeans annually to Japan, the EU and China, among others.