9-25 IAN Taiwan Wheat
TAIWAN FLOUR MILLERS SIGN A $484 MILLION WHEAT DEAL
Governor Otter presided as Taiwan Flour Mills Association representatives and Idaho wheat industry officials signed an agreement supporting U.S. wheat exports over the next two years – a deal worth $484 million.
"Export markets are critical to Idaho's economy and to Idaho wheat growers," said Governor Otter, "We met with the Taiwan Flour Mills Association during my trade mission to Asia in April and greatly appreciate their loyalty as an Idaho customer. This visit will continue to foster further sales opportunities for our state."
Laura Johnson, spokesperson for ISDA: "The U.S. wheat industry has had an excellent working relationship with Taiwan for more than 40 years. Taiwan and Idaho also enjoy a close trade relationship. The Taiwan Flour Millers Association continues to be one of Idaho's best customers year-after-year, coming in as one of the top 5 wheat importing trade partners. They like to buy U.S. wheat because they know exactly what quality of wheat they are getting in contrast with buying wheat from other countries that have lower grading standards."
The Taiwan Flour Millers Association imports 60,000 metric tons (2.2 million bushels) of wheat, every three months which is distributed among all of the millers. The TFMA continues to be one of Idaho's best customers year-after-year, coming in as one of the top 5 wheat importing trade partners.
