China likely to reject US shipments of corn after unapproved GMO find

China, one of the world’s largest corn importers, is likely to reject more US shipments of the grain after they were found to contain a genetically modified variety not approved by Beijing, traders said yesterday.

This view has sparked fears that other cargoes could be turned away, with some traders and buyers warning that uncertainty over the discovery could prompt a sharp decline in Chinese orders for US corn.

“We are completely lost and have no idea how to deal with the situation,” said one executive with a major animal feed mill.