Idaho, Taiwan sign $576 million wheat deal; Gov. Little announces upcoming trade mission

Posted at 3:03 PM, Sep 24, 2019
and last updated 2019-09-24 17:03:51-04

BOISE, Idaho — Governor Brad Little joined representatives of the Idaho Wheat Commission and officials with the Taipei Economic and Cultural Office in the Statehouse Tuesday to sign a letter of intent for Taiwan to purchase U.S. wheat over the next two years -- a deal valued at $576 million.

Little also announced he will bring a delegation of Idaho companies with him to Taiwan for his first trade mission in October as Idaho’s 33rd Governor.

“Taiwan is our second-largest export market overall and an important trade partner for Idaho,” Little said. “Taiwan is a loyal customer for our Idaho wheat growers.”

The Taiwan Flour Mills Association, which participated in an agricultural goodwill mission, intends to purchase 1.8 million metric tons (equivalent to 66.1 million bushels) of wheat from the United States between 2020 and 2021.

“The Taiwan flour millers choose Idaho wheat because of the high-quality we produce and the identity preservation of the wheat available from our state,” Idaho Wheat Commission Chairman Ned Moon said. “We are also able to consistently deliver within the shipment timelines, thanks to the Columbia-Snake River system.”

“The Taiwan Flour Millers Association has been doing business with Idaho’s wheat growers for more than forty years,” Idaho State Department of Agriculture Director Celia Gould said. “We are proud of this trade partnership and our long-term friendship with Taiwan.”

Taiwan imported nearly $4.3 billion worth of U.S. farm products in 2018. The country is the fifth-largest market for U.S. wheat.

(photo courtesy: Idaho Governor’s Office)