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Taiwan is the seventh largest market for U.S. food and agricultural product exports.
Taiwan is the third largest export market for U.S. peaches and nectarines and the fifth largest export market for U.S. cherries.
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.