The Taiwan Flour Millers Association this week signed a letter of intent to purchase U.S. wheat over the next two years. U.S. Wheat Associate’s Steve Mercer says they’re purchasing 66 million bushels of U.S. wheat with an estimated value of around $576 million. He says this trade mission is conducted every two years.
He says the Taiwanese like the quality of U.S. wheat, particularly that used in breads.
Mercer says the trade team signed the agreement while in Washington D.C. and since then have been traveling across the country.
The Taiwan Wheat team will be in Pierre this Sunday and will visit the State Capital and then take a farm and elevator tour before heading off to Idaho on Tuesday.