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Demand for milk and other dairy products in Taiwan are forecast to remain stable or rise slightly in 2017.
On August 30, 2017, Taiwan completed its second U.S. rice Simultaneous-Buy and Sell (SBS) tender (GF4-106-094) for 13,100 tons at the price of NT$7.209/kg (US$239/ton).
Taiwan is essentially completely reliant on wheat and corn imports, whereas domestic production accounting for approximately 90% of the total staple rice consumed.
Taiwan’s demand for soybean meal destined for animal feed continues to be the driving force behind Taiwan’s soybean imports.