NEWS
US, S American Corn in Demand
Fri Mar 15, 2013 01:12 PM CDT

SINGAPORE (Dow Jones) -- Demand for U.S. and South American corn will increase world-wide after high levels of aflatoxin were recently detected in Central European grain, traders, cargo surveyors and analysts in Singapore, Seoul, Geneva and Rotterdam said.

Europe is already embroiled in a scandal over horse meat in beef products and contaminated milk and animal feed.

"Several hundred thousand metric tons of corn to be sourced from Serbia, Hungary, Rumania and Bulgaria is currently being subject to stringent tests due to high aflatoxin levels and exporters have to source their shipments from other origins," a Geneva-based cargo surveyor said ...

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