Milling & Baking News - October 8, 2019 - 16

Export and Trade Issues

the administration has reached this
deal and we urge trade negotiators
to achieve many more like it. Farmers
and ranchers need to get back to doing
what they do best: feeding a hungry
world that needs what they produce."
The agreement also reduces in stages
Japan's tariffs on $2.9 billion in products that include fresh beef, frozen beef,
fresh pork and frozen pork. The leveled
playing field in the meat sector caused
the U.S. Meat Export Federation to
raise its projections for U.S. beef and
pork exports to Japan to $2.3 billion

and $1.7 billion, respectively, in 2020.
"With Japan being the largest value
destination for U.S. pork and beef exports, there is no market more critical
to the profitability and prosperity of the
U.S. red meat industry," said Dan Halstrom, present and c.e.o. of U.S.M.E.F.
The deal "is not only excellent news
for U.S. farmers and ranchers, but also
for Japanese consumers who will have
greater access to U.S. pork and beef
products," he said.
David Herring, president of the
National Pork Producers Council,

Taiwan signs $576 million deal to
source wheat from Idaho
BOISE, IDAHO - The Taiwan Flour
Mills Association on Sept. 24 signed a
letter of intent to purchase U.S. wheat
over the next two years in a deal valued at $576 million. The wheat will be
sourced from Idaho.
Governor Brad Little of Idaho
made the announcement alongside
representatives of the Idaho Wheat
Commission (I.W.C.) and the Taipei

Economic and Cultural Office in Seattle.
"Taiwan is our second-largest export market overall and an important
trade partner for Idaho," Mr. Little
said, adding that he will bring a delegation of Idaho companies with him
to Taiwan for his first trade mission in
October. "Taiwan is a loyal customer
for our Idaho wheat growers, who

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16 / October 8, 2019

Milling & Baking News
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and Howard "A.V." Roth, presidentelect, joined President Donald Trump
in New York for the signing of the
agreement.
"We've seen market share declines
in Japan, historically our largest value
export market, since the start of the
year when international competitors
gained more favorable access through
new trade agreements," Mr. Herring
said. "Once implemented, the agreement signed today puts U.S. pork back
on a level playing field with our competitors in Japan." MBN
proudly produce a high-quality, consistent product."
The Taiwan Flour Mills Association is in the United States as part of
an agricultural goodwill mission. The
agency said it intends to purchase 1.8
million tonnes of wheat, or about 66.1
million bus, from the United States between 2020 and 20 21.
"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," said Ned Moon, chairman
of the I.W.C. "We are also able to consistently deliver within the shipment
timelines, thanks to the ColumbiaSnake River system."
Blaine Jacobson, executive director
of the I.W.C., added, "This two-year
agreement highlights the strong relationship between Idaho wheat growers and their customers in Taiwan. It
is a pleasure to host our international
friends around the state and here in
Boise and visit their countries to see
how Idaho wheat is used in various
food products."
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.
The announcement came a day after
the Taiwan Feed Industry Association
(T.F.I.A.) signed an agreement with
the Indiana Soybean Alliance and the
Indiana Corn Marketing Council to
buy corn and soybeans from Indiana.
In total, the T.F.I.A. agreed to buy 5
million tonnes, or approximately 197
million bus of corn and 500,000 tonnes
of corn co-products, such as distillers'
dried grains with solubles (D.D.G.s),
between 2020 and 2021.
On the soybean side, the Taiwan
Vegetable Oil Manufacturers Association intends to buy between 2.6 million
tonnes to 2.9 million tonnes, equivalent
to 96 million bus to 97 million bus, of
soybeans in 2020 and 2021. MBN
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Milling & Baking News - October 8, 2019

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