Taiwan: Taiwan MOA Comprehensive Upgrade Plan for the Grains Industry

On December 23, 2024, the Taiwan Ministry of Agriculture (MOA) announced the "Comprehensive Upgrade Plan for the Grains Industry". MOA's plan calls for raising the guided purchase price for rice (the mid-tier purchase price) by NT$1.5/kg and increase its procurement volume. The rice procurement price was last raised in 2011. The announcement is expected to incentivize farmers to deliver more to the public procurement program.

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