AGRIBUSINESS: Rumors Disrupt Dried Distillers Grains


China may suspend new import permits issuances for U.S. dried distillers grains (DDG).

Reports from last week say there may be more stringent testing of imports for the presence of unapproved biotechnology. There has been no official statement from the government in China.
But the rumors are shaking trade in the largest U.S. DDG export market. U.S. Grains Council Chairman Julius Schaaf says this has happened before and these disruptions are costly to U.S. producers and exporters.
DDG are concentrated, ground up corn, created as co-products in ethanol plants.
Follow

Get every new post delivered to your Inbox.

Join 824 other followers