TAIWAN WILL PURCHASE BILLIONS OF DOLLARS OF ILLINOIS CORN
Illinois Corn Marketing Board Chairman Roger Sy was joined by Governor JB Pritzker and Taiwanese officials to sign a $2.2 billion commitent to purchase Illinois corn and soybeans over the next two years.
Said Pritzker, "Illinois corn and soybean producers have cultivated a world-class industry with customers in all parts of the world, and this $2.2 billion commitment is a testament to their dedication and hard work. When Illinois' agricultural economy thrives, so do working families all across the state. I'm committed to supporting our state's leading industry and opening up new opportunities for our farmers to sell their goods and make a good living."
Illinois and Taiwanese associations signed two $1.1 billion agreements to purchase Illinois crops between 2020 and 2021.
More specifically, the Illinois Corn Marketing Board and the Taiwan Feed Industry Association signed a letter of intent marking Taiwan's intentions to buy 5 million metric tons (equivalent to 197 million bushels) of corn and 0.5 million MT of corn co-products (distiller's dried grains with solubles).
"This Taiwanese delegation has invested quite a bit of time in understanding corn farmers and corn farming here in the U.S. and they remain committed to us," said Roger Sy, a Newman, Ill., farmer and chairman of the Illinois Corn Marketing Board. "We remain committed to Taiwan, as well, and look forward to shipping Illinois corn their way."
To learn more about this longstanding customer/supplier partnership, click here.