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On August 1, 2023, Taiwan’s Council of Agriculture (COA) was transformed into the Ministry of Agriculture (MOA). MOA’s total workforce plans to increase from about 4,770 to 5,300 staff, and the administrative budget is expected to rise by TWD 8.3 billion (USD $260 million) to a total annual budget of TWD 158.9 billion (USD $5 billion).
Taiwan's HRI industry has fully bounced back with 2022 revenue surpassing pre-pandemic records. The market has a westernized palate with a high per capita GDP of US$33,004, showing that consumers are not only willing but also more than capable of trying foreign cuisines.
In 2022, Taiwan imported US$ 279.1 million of coffee, an increase of 35.2 percent. It has one of the highest densities of coffee shops in the world.
Effective April 18, 2022, Taiwan temporarily modified its restrictions on imports of poultry and poultry products from the United States and Canada impacted by Highly Pathogenic Avian Influenza (HPAI). The modification allows imports of poultry and poultry products from banned U.S. states if the date of slaughter is 14 days or more before the applicable HPAI ban began.
On April 19, 2022, Taiwan notified the WTO of updates to its pesticide residue limits for foods and animal products. Attached to this report are tables containing the new or revised standards for 58 new chemical/crop combinations and 31 new chemical/animal combinations.
The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.
MY2022/23 wheat production is forecast flat at 6,000 MT, unchanged from the previous two MYs. Australia recovered its market share thanks to drought recovery but the United States remains the chief supplier with 66 percent market share.
Taiwan’s soybean imports are projected to reach 2.63 and 2.65 MMT in MY2021/22 and MY 2022/23. Soybean import demand will be buoyed by steady feed demand as well as exports and demand for soybean oil. In MY 2020/21, Taiwan’s COVID-19 control restrictions in Q2-Q3 had some negative impact on demand from the HRI sector, especially for soybean oil and palm oil which are favored in commercial use.