THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY
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On October 24, 2017, Taiwan completed normal tender GF4-106-086 for 6,000 tons of U.S. rice (6,900 tons on a brown rice basis). Taiwan has now completed tenders for 39,650 tons of U.S. rice, equaling 61 percent of the 2017 U.S. rice country-specific quota (CSQ).
Andrew Anderson-Sprecher and Chiou Mey Perng Mark Petry
Grain and Feed
Taiwan Completes Normal Tender for 6000 Tons of U.S.
Rice
Taipei
Taiwan
TW170017 10/30/2017 Public
General Information:
As of October 30, 2017, Taiwan has completed tenders for 39,650 tons of U.S. rice counting towards the 2017 U.S. CSQ, including two Simultaneous-Buy and Sell tender (SBS) tenders and two normal tenders. The Council of Agriculture (COA) has scheduled an additional normal tender (GF4-106-142) for 12,000 tons of medium/short grain brown U.S. rice for November 7, 2017.
October 24, 2017 U.S. Rice Normal Tender (GF4-106-086)
6,000 tons of U.S-origin milled medium grain rice (6,900 MT brown equivalent)
COA awarded the full tender to one bidder out of four at NT$24,866 per ton (US $821.71/ton). The delivery terms were for 500 tons each month in 2018. COA had originally proposed more restrictive tender specifications that included an upper and lower limit for kernel width and length. However, COA later dropped this proposal and instead set a simple length limit of 6.61 mm for medium or short grain rice as it has done in the past.
August 30, 2017 U.S. Rice Second SBS Tender (GF4-106-094) 13,100 tons of U.S.-origin rice
COA awarded the tender to six of the twenty-three bidders who participated in the bid. Five received 2,500 tons each and one received 600 tons at the same price of NT$7,209 per ton (US $239.25/ton). The delivery term for SBS tender is from May 1, 2017 through April 30, 2018.
Taiwan’s 2017 Rice Tender Results in tons (brown basis) Country Status SBS
Tenders
Normal Tender
Completed Total CSQ
Percent Filled
Egypt Completed 0 0 0 2,500 0
Ongoing 2500* 0
Thailand Completed 6,500 1,800 8,300 8,300 100 Ongoing 0
Australia Completed 8,500 5,000 13,500 18,634 72
Ongoing 5,134
USA Completed 31,600 8,050 39,650 64,634 61
Ongoing 12,000
Taiwan’s 2017 Rice CSQ Allotments and Tender Results in tons (brown basis)
Country SBS Tender Normal
Tender 11/8/2017 opened on global basis)
0 2,500
Thailand 6,500
(completed 03/08/2017)
0 1,800
(805 completed 9/5/2017 and 995 completed 10/24/2017
8,300
Australia 5,000 (completed (completed 08/30/2017)
33,034 (1,150 completed 03/28/2017; 6,900 completed 10/24/2017; 12,000 announced)
64,634
Exchange Rate:
US$1 to NT$30.131 on 08/30/2017 US$1 to NT$30.261 on 10/24/2017
