Taiwan Goodwill Mission signs letter of intent to purchase 132M bushels of US wheat

has an estimated value of $1.296 billion. “Taiwan and the United States enjoy a close and long-standing partnership built on a shared dedication to wheat quality and reliability,” said Jim Pellman, USW chairman and wheat farmer from North Dakota. “U.S. ag exports, particularly U.S. wheat, enjoy an excellent reputation in Taiwan. In turn, we as American farmers place great value on the relationship with our customers in Taiwan.” The United States is one of Taiwan’s largest sources of agricultural products, supplying more than one-fifth of the country’s ag imports. For wheat, Taiwan ranked as the fifth largest market in the 2024/2025 marketing year, importing nearly 949,000 metric tons (MT) (34.9 million bushels) of U.S. hard red winter (HRW), hard red spring (HRS) and soft white (SW) wheat. Since 1998, 14 Taiwan Agricultural Goodwill Missions have traveled to the United States, resulting in the import of 27.4 MMT (1.0 billion bushels) from the United States, worth an estimated $8.0 ...