Browse Data and Analysis

Taiwan’s soybean imports are forecast at 2.65 MMT for MY2022/2023 and MY2023/2024. In MY 2021/2022, Taiwan imports of soybeans reached a record high of $1.74 billion. To stabilize commodity prices and reduce inflationary pressure for consumers, since February 2022 Taiwan has waived business taxes on imported soybeans, currently set to expire on June 30, 2023.

Taiwan’s domestic wheat production, 4,000 MT in MY2022/2023, is dwarfed by imports at 1.4 MMT for the current MY. Australia is expected to further recover wheat market share from the United States due to competitive pricing and production recovery.

Taiwan published their 2016 Simultaneous Buy and Sell (SBS) rice tender. The US level remains unchanged at 35,600 MT.

Recently, the Ministry of Finance (MOF) stated they will propose an amendment to the Taiwan Tobacco and Alcohol Administration Act, which could increase U.S. wine sales in Taiwan.

The food service revenue in Taiwan increased for the ninth year in a row to NT$413 billion (US$13 billion) in 2014, up 3.1 percent from the previous year.

The United Tastes of America - Asian Chef Challenge, which was organized by the U.S. Meat Export Federation and overseen by the Agricultural Trade Office Taipei on November 16, was a huge success.

The U.S. Healthy Baking Seminar organized by the Agricultural Trade Office (ATO) Taipei on November 17 was a great success and attracted 34 chefs.

On December 14, Taiwan’s Legislative Yuan amended legislation to withdraw genetically engineered (GE) food products from school meals.

Under Taiwan’s Feed Control Act, amended on February 4, 2015, all genetically engineered (GE) products for animal feed use are now required to register with Taiwan’s Council of Agriculture (COA)...