NEWS
China Ban Causes DDG Prices to Plummet
Cheryl Anderson DTN Staff Reporter
Fri Jun 13, 2014 11:42 AM CDT

OMAHA (DTN) -- A recent announcement by China that it would stop issuing permits for imports of U.S.-produced dried distillers grains has wreaked havoc on the market, sending DDG prices on an unprecedented downward spiral.

China's move came as a result of the country's long-standing reluctance to approve the MIR 162 trait in corn, more commonly known as Agrisure Viptera, produced by Syngenta Ag.

Merchandising companies contacted weekly by DTN reported drops in spot prices between $10 and $45 per ton in the past week.

The DTN weekly DDG spot price average fell $22 per ton in the past week, ...

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