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Taiwan imported over a billion dollars of U.S. genetically engineered (GE) crops in 2017, accounting for over a third of total U.S. agricultural exports to the island.
Post revises 2018/2019 soybean production down slightly to 56 million tons based on lower planting area.
For 2018/2019, apple and pear production is forecast to increase over last year, despite lower planted area, but remain below historical levels.
Abundant local fruit harvests drove down fruit prices and reduced demand for apples and other imported fruit in the first half of 2018.
Taiwan has a very dynamic food service industry exemplified by this year’s release of the first Michelin guide for Taipei.
Argentine dairy production continues to recover after massive industry consolidation and weather damage in 2016 and 2017.
On October 9, Taiwan completed a Simultaneous-Buy and Sell (SBS) tender for 3,000 tons of U.Sorigin rice at $162 per ton for delivery by April 30, 2019.
Post forecasts wheat exports in marketing year (MY) 2018/19 at 13.6 million tons, 600,000 tons lower than USDA. Due to tighter supplies, Post estimates barley exports for 2017/18 at 2.5 million....
Taiwan milk consumption continues to grow due to strong liquid milk demand.
Taiwan’s retail food sector is becoming increasingly competitive and chain operators, such as Costco, 7-Eleven, PX Mart, Carrefour, and Wellcome, continue to dominate Taiwan’s food retail market.
On September 27, 2018, Taiwan completed a normal rice tender for 6,000 tons of U.S-origin milled medium/short grain rice at $717.65 per ton for delivery in 2019.
The Argentine government announced a plan to halve the number of Ministries which will bring the Ministry of Agroindustry under the Ministry of Production as a sub-secretariat.