Syngenta expects China to approve GMO corn very soon

December 15, 2014 |

In China, approval of Syngenta’s GMO corn is expected in the coming days. Beijing has blocked the import of the corn, including the DDGS produced from the corn as a byproduct of ethanol production, which has led to a steep loss in demand and therefore prices for DDGS. The North American Export Grain Association says the approval should have come in 2011 but was held up. Now that Ukraine is suffering a corn shortage, meaning fewer options to import from besides the US, may be a reason for approving the GMO now rather than earlier.

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