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High global commodity prices are expected to slow the growth of 2021/22 Indonesian wheat imports and lower the use of wheat in feed formulation.

Since the beginning of 2022, Taiwan’s table egg prices continue to set new price records. The egg wholesale market closed at an all-time high price of 80NTD ($2.81USD) per kilogram on March 15. The primary contributors to the recent spike in table egg prices are lower placement of laying hens resulted from high feed prices, culling of birds contaminated by avian influenza, and lower seasonal production cycle.

This report is a voluntary update to GAIN Report TW2020-0014, published February 25, 2020. The report provides a brief introduction to Taiwan’s pesticide residue policy to include maximum residue limit (MRL) import tolerance applications, up-to-date MRL database, frequently used residue testing methods and recent MRL announcement history.

Indonesia palm oil production is expected to reach 46 million metric tons (MMT) in 2022/23 on favorable weather and higher producer profit margins. Palm oil exports for 2021/22 are revised down from the previous update due to the Government of Indonesia’s domestic market obligation (DMO) requirement, which increased to 30 percent from 20 percent.

Taiwan's economy is booming with the GDP forecasted to increase 4.42 percent in 2022. In 2021, Taiwan imported $3.93 billion worth of agricultural and food products from the US, making it the 6th largest market for U.S. agricultural products.

As the world’s third largest vegetarian market with an increasing flexitarian population, Taiwan bodes well for the ingredients that address low fat, high fiber, and plant-based protein.