December 19, 2013

China has rejected 600,000 metric tons of U.S. corn

There are growing questions regarding China’s recent rejections of U.S. corn shipments. Since mid-November, China has rejected more than 600,000 metric tonnes of U.S. corn charging it contained an unapproved genetically-modified variety. The variety, Syngenta’s MIR 162 also known as Viptera is accepted by a number of countries and has been awaiting approval from Beijing for more than two years. It is the topic of negotiations between the two countries this week. Li Quiang, chief analyst with the private firm JC Intelligence (JCI) tells Reuters nearly 40 cargos of U.S. corn have arrived in China since the middle of November and more than half have been accepted. Read More

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