Governor Brad Little joined representatives of the Idaho wheat industry and the Taipei Economic and Cultural Office to sign a letter of intent for the Taiwan Flour Mills Association to purchase Gem State wheat over the next two years, a deal valued at $576 million.
During a signing ceremony at the Idaho Capitol in Boise, the Taiwan Flour Mills Association agreed to buy 1.8 million metric tons, or 66.1 million bushels, of Idaho wheat between 2023 and 2024.
Asian buyers typically prefer the soft white and club wheat grown in north central Idaho and eastern Washington which is used to make pastries, crackers and noodles.
In 2021, Taiwan imported nearly $3.9 billion worth of U.S. farm products, making it the seventh largest market for U.S. agricultural products overall. The U.S. supplies more than one-fifth of Taiwan’s major agricultural imports.
