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On April 10, Taiwan completed a Simultaneous-Buy and Sell (SBS) tender for 18,500 tons of U.S. origin rice.
Taiwan is the United States sixth largest export market for soybeans. Soybean consumption and imports are forecast to remain stable in MY2017/18 and MY2018/19 at 2.525 million tons.
Rice production continues to be strong despite falling demand, as many farmers prefer the guaranteed income that comes from the government rice procurement program.
This report lists major export certificates required by the Taiwan government to export food and agricultural products to Taiwan.
Taiwan was the seventh largest export market for U.S. food and agricultural products in 2016, valued at US$3.34 billion.
On March 8, 2017, Taiwan completed the first tranche of the 2017 U.S. rice Simultaneous Buy and Sell (SBS) tender GF4-106-015 for 18,500 tons.
Driven by an expanding tourism industry and solid domestic consumer demand, tremendous opportunities exist for U.S. agricultural exports to Taiwan.
Taiwan’s formidable food processing industry offers numerous opportunities for U.S. ingredient exporters.