AGRIBUSINESS: U.S. Corn Rejected, Ukraine Fills Gap
Chinese officials say a total of 601,000 MT of U.S. genetically modified corn and corn-derived products were rejected by China in 2013. China’s government continues to screen U.S. corn and dried distillers grains for the currently unapproved insect resistant MIR-162 gene.
The U.S. Department of Agriculture reports from December 18th through December 26th, net corn sales to China from the U.S. dropped by 116,000 MT from the previous week.
China has imported non-genetically modified corn from Ukraine in exchange for certain terms, including the rights to sell Ukrainian farm products. In this marketing year, USDA projects Ukraine could export 18-million tons of corn. That ties it with Argentina as the third largest supplier, behind the U.S. and Brazil.