Idaho Signs $576 Million Wheat Deal with Taiwan
BOISE, Idaho (KLIX)-The State of Idaho and country of Taiwan have signed a multimillion dollar deal that will ship tons of wheat overseas. The office of Gov. Brad Little announced Monday the Idaho wheat industry and the Taipei Economic and Cultural Office signed off on a two year letter of intent to purchase Gem State wheat for the Taiwan Flour Mills Association (TFMA), a deal worth $576 million. Gov. Little said Taiwan is Idaho's second-largest export market. “We appreciate that the Taiwan milling and baking industry recognizes the consistent quality of Idaho wheat,” Idaho Wheat Commission Chairman Clark Hamilton said in a prepared statement. “The importance of maintaining this trade relationship with valued customers cannot be overstated. We greatly value the Taiwan Flour Mills friendship and commitment over the past 40 years and look forward to cooperation in the years to come.” The United States and Taiwan have had a long standing relationship when it comes to wheat. According to the governor's office, the TFMA works on behalf of all the flour mills in Taiwan.