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Taiwan’s food processing industry produced an estimated $17.42 billion of processed food and beverages in 2019.
Taiwan was one of the first economies to experience Novel Coronavirus 2019 (COVID-19).
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.