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Taiwan’s demand for soybean meal continues to be the driving force behind Taiwan’s demand for imported soybeans.
Due to several recent food safety incidents throughout Taiwan, consumers are paying more attention to their source of ingredients and willing to pay a premium price.
Water rationing measures in Taiwan will impact 2015 rice production by approximately 10%, or 110 TMT.
On February 4, President Ma signed an amendment shifting regulatory authority of genetically engineered events in animal feed to the Council of Agriculture.
On January 7, Taiwan completed 17,600 MT of the first tranche of 2015 U.S. rice Country Specific Quota (CSQ) Simultaneous-Buy and Sell (SBS) tender for delivery by December 31, 2015.
Only 52% of Taiwan’s 2014 Country Specific Quota (CSQ) U.S. origin rice purchase commitments under normal tender were successfully awarded for U.S.-origin rice.
Taiwan experiences a shortage of chipping potatoes as several large U.S. shipments were delayed and subsequently rejected.
2014 saw near-record imports of U.S. agricultural products into Taiwan, valued at $3.79 billion (based on Taiwan customs data).
On December 24, 2014, Taiwan awarded partially 9,100 MT of the first 2015 U.S. rice Country Specific Quota (CSQ) Simultaneous-Buy and Sell (SBS) tender.
As projected from the previous report, the foodservice industry continued to expand throughout 2013.
Taiwan’s beer market increased to 517 million liters (137 million gallons) in 2013.
Even though Taiwan’s food processing and ingredients industries are extremely competitive, there are still great opportunities for U.S. exporters.