NEWS
NGFA Tallies Cost of Unapproved Traits
Katie Micik DTN Markets Editor
Wed Apr 16, 2014 05:07 PM CDT

OMAHA (DTN) -- The National Grain and Feed Association estimates the U.S. corn, DDG and soybean industries suffered a $1.95 billion loss due to China's rejection of cargos that tested positive for the Agrisure Viptera MIR 162 trait.

The bulk of that loss is an estimated 11-cent-per-bushel lower average price for corn, the association said.

The potential loss resulting from the commercial launch of the Agrisure Duracade could range from $1.2 billion to $3.4 billion, NGFA said. The analysis only included losses from China, but the group noted the trait is awaiting approval in 28 countries not included in the ...

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