China’s rejection of shipments of US corn containing traces of unapproved genetically modified maize has caused a significant drop in exports. According to a new report, US traders have lost $427 million in sales.
Overall, China has barred nearly 1.45 million tons of corn shipments since last year, the National Grain and Feed Association (NGFA), an American industry association, said Friday.
The tally is based on data from export companies and is significantly higher than the previous numbers reported by the media, which said roughly 900,000 tons were affected. US corn exports to China since January are down 85 percent from the same period last year, the report says.
China has been blocking shipments of American corn from its market since November. This was caused by the presence of the MIR162 genetically modified corn strain in the shipments. It was developed by the company Syngenta and has not been approved by the Chinese government since an application was submitted in March 2010.
Complete story at - US corn exports to China drop 85 percent after ban on GMO strains – industry report — RT USA
Overall, China has barred nearly 1.45 million tons of corn shipments since last year, the National Grain and Feed Association (NGFA), an American industry association, said Friday.
The tally is based on data from export companies and is significantly higher than the previous numbers reported by the media, which said roughly 900,000 tons were affected. US corn exports to China since January are down 85 percent from the same period last year, the report says.
China has been blocking shipments of American corn from its market since November. This was caused by the presence of the MIR162 genetically modified corn strain in the shipments. It was developed by the company Syngenta and has not been approved by the Chinese government since an application was submitted in March 2010.
Complete story at - US corn exports to China drop 85 percent after ban on GMO strains – industry report — RT USA
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