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Taiwan has a very dynamic food service industry exemplified by this year’s release of the first Michelin guide for Taipei.
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.
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.
Taiwan is the seventh largest market for U.S. food and agricultural product exports.
Taiwan is the third largest export market for U.S. peaches and nectarines and the fifth largest export market for U.S. cherries.