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Grains Council Chair Says Taiwan Grain Purchase Positive

The Taiwan Feed Industry Association this week signed a letter of intent with the U.S. Grains Council to purchase 5 million metric tons or 197 million bushels of corn in 2014 and 2015.  Grains Council Chairman and Fremont County Iowa grower Julius Schaaf says the deal is similar to agreements reached over the past five years.

Schaaf says the Taiwanese have been good customers of U.S. grain with much of that due to the hard work of the council and U.S. trade officials developing those relationships.

He says this week’s commitment represents $ 4 billion worth of ag products over two years.

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