NEWS
Corn Rejections Unlikely to Halt Trade
Lin Tan DTN China Correspondent
Wed Dec 11, 2013 11:42 AM CST

BEIJING (DTN) -- China has rejected nearly 200,000 metric tons of U.S. corn since mid-November because it contained an unapproved biotech variety, said China's General Administration of Quality Supervision, Inspection and Quarantine.

"This situation has developed a lot of discussion in the market, but it is still not clear how the situation will go in the following months," said Laping Wu, a professor of grain marketing at China's Agricultural University.

China's grain buyers are likely to import more corn this year because of the dramatic difference between global corn prices and China's domestic prices. "As of Dec. 5, the imported ...

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