China rejects 545,000 tonnes of US corn after finding unapproved strain
The rejection of US supplies by the world’s No 3 corn importer could drag on Chicago Board of Trade corn prices which dropped to a three-year low earlier this month. The volume rejected amount to nine cargoes, accounting for nearly 30% of China’s expected imports of the grain in November and December, analysts said.
The rejections were due to the presence of the genetically modified strain MIR 162, which is not approved by China’s agriculture ministry, the General Administration of Quality Supervision, Inspection, and Quarantine said.
