Taiwan inks $485M agreement for US wheat

Taiwan inks $485M agreement for US wheat

Taiwan inks $485M agreement for US wheat

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by Associated Press

KTVB.COM

Posted on September 11, 2013 at 10:23 AM

BISMARCK, N.D. -- Taiwan has agreed to buy $484.5 million worth of U.S. wheat over the next two years. Milling industry officials from the country are visiting North Dakota to tout the deal.

U.S. Sen. John Hoeven says North Dakota, Montana and Idaho will provide the bulk of the 62.5 million bushels to Taiwan.

Taiwanese representatives are slated to sign the agreement Wednesday at the North Dakota Capitol in Bismarck.

Hoeven says Taiwan has signed letters of intent to buy $4 billion worth of American wheat, corn and soybeans in 2014 and 2015.  Hoeven says some of the corn and soybeans will come from North Dakota.

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