GM move by EU may mean lower feed prices in 2011

FARMERS could see cheaper animal feed prices next year if EU governments accept proposals to allow up to 0.1% of unapproved genetically modified (GM) material in imports of animal feed.

Animal feed imports to Europe were disrupted last year, when several US grain and soya shipments were blocked, having been found to contain minute traces of unapproved GM material.

The 0.1% limit would have enabled some of the blocked shipments to enter the EU.