U.S. corn supplies will be even bigger next year if China keeps import curbs on a genetically modified variety of the grain, Oil World said.
China’s Import Inspection Authority has requested that U.S. exports of dried distillers’ grains with solubles, a corn-based ethanol byproduct known as DDGS, be certified free of the genetically modified MIR 162 corn variety, the Hamburg-based researcher said in an e-mailed report. China, the world’s second-biggest corn consumer, rejected several cargoes of the grain from the U.S. this year after reporting finding the unapproved variety in shipments.
“Supplies on the U.S. market will increase correspondingly next season if China, so far the leading importer, continues to curtail imports of corn and its byproducts on GMO issues,” Oil World said.
Read the full, original article: U.S. corn supplies seen by Oil World Rising on China move
