Taiwan will open corn market in mainland to January next year

Introduction: an official from the International Trade Bureau of Taiwan's Ministry of economy said Thursday that the purchase of corn and soybean meal in China will be temporarily opened to reduce the cost burden on livestock producers at a time when the local feed prices in Taiwan are rising An official from GDQ's International Trade Bureau said the opening measure will last until the end of January next year, and no purchase limit has been set at present GDQ Taiwan's livestock producers have pleaded with the government to open up the purchase of feed from the mainland due to rising local feed prices Local feed prices in Taiwan have risen by more than 20% in the past month due to higher freight and international prices "We received a proposal from the Agricultural Committee on Wednesday evening to temporarily open up the purchase, which we expect to announce within one or two days," the official, who declined to be named, said by telephone "The lifting of GDQ's purchase ban will be the second time in two years for the Taiwan government to open the Chinese corn market In October last year, GDQ lifted its 50 year ban on the purchase of corn in China for the first time until the end of last year due to the tight supply of corn and the rising price of corn caused by the US port strike Taiwan bought about 52000 tons of Chinese corn in 2002 GDQ Taiwan's annual corn demand is about 5 million tons, about 90% of which is supplied by the United States GdQ