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Taiwanese Groups Plan Multibillion-Dollar Commitment to Buy Arkansas Corn, Soybeans
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Sarah Huckabee Sanders said in a press release Friday that two Taiwanese agricultural industry groups signed letters of intent to purchase state and U.S. products on the same day.
The Taiwan Feed Industry committed to purchasing 8.5 million metric tons of corn and corn products, while the Taiwan Vegetable Oil Manufacturers Association will purchase 6.5 metric tons of soybeans, Sanders said.
From 2025–2029, the Taiwanese groups will purchase agricultural products worth at least $5.56 billion from Arkansas and other American suppliers, the release said.
Taiwan is already one of the largest markets for American and Arkansas agricultural products, according to Sanders’ release.
Arkansas Advocate is an affiliate of States Newsroom, the nation’s largest state-focused nonprofit news organization, supported by grants and donations.
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