A lower than anticipated domestic corn supply is forcing prices up, putting pressure on the pork and poultry sectors, and forcing the government to intervene. In the government’s latest attempt to provide relief . . . the Ministry of Agriculture, Livestock, and Food Supply (MAPA) has will ask the National Biosafety Technical Commission (CTNBio) to allow imports of genetically modified corn from the United States.
The second “safrinha” crop is looking worse . . . as the harvest continues and there are fears that Brazil will run out of corn by 2017. . . . The high price of domestic corn is putting a lot pressure on pork and poultry producers, which is impeding exports and driving prices up for consumers. . . .
On August 3, 2016, . . .MAPA announced that they will request the approval of . . .CTNBio to allow imports of genetically modified corn from the United States. Minister of Ag, Blairo Maggi, stated that he . . . wants to ensure the supply of grain in the country, but only for animal feed used by breeders of poultry and pork and milk producers until December 2017.
The GLP aggregated and excerpted this blog/article to reflect the diversity of news, opinion and analysis. Read full, original post: Ministry of Agriculture Paves the Way for US Corn Imports
