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SALE OF U.S. CORN TO CHINA DOWN 85% FOR THE YEAR
BrownfieldAgNews reports:

The National Grain and Feed Association (NGFA) says China's rejection of U.S. corn because of an unapproved genetically-modified variety has cost grain companies $427 million in lost sales and re-routed shipments.

China has rejected nearly 1.45 million metric tonnes of U.S. corn since last November for traces of Syngenta's MIR 162 variety. Syngenta has been awaiting approval from China for more than four years.

NGFA says U.S. corn sales to China are down 85 percent from a year ago and the rejections have affected the global prices of corn and soybeans in a negative way.


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