US corn exports to China drop 85 percent after ban on GMO strains – industry report
China’s rejection of shipments of US corn containing traces of unapproved genetically modified maize has caused a significant drop in exports. According to a new report, US traders have lost $427 million in sales.
Overall, China has barred nearly 1.45 million tons of corn shipments since last year, the National Grain and Feed Association (NGFA), an American industry association, said Friday.
The tally is based on data from export companies and is significantly higher than the previous numbers reported by the media, which said roughly 900,000 tons were affected. US corn exports to China since January are down 85 percent from the same period last year, the report says.
China has been blocking shipments of American corn from its market since November. This was caused by the presence of the MIR162 genetically modified corn strain in the shipments. It was developed by the company Syngenta and has not been approved by the Chinese government since an application was submitted in March 2010.
China has sharply increased corn imports since the late 2000s, with purchases increasing from 47,000 tons in 2008 to an estimated 5 million tons last year. It was the third-largest importer of American corn before the imports of Syngenta’s GMO strain were blocked.
US traders want seed companies to shoulder some of the losses. They also say seed companies should not introduce new varieties of seeds to farmers until they are approved by major markets, including China.
Part of the ire is also falling on the Chinese government, which, traders say, maintains an opaque process of approving and rejecting GMO strains, an accusation that Beijing rejects. China has so far approved 15 genetically modified corn strains for import.
Good morning, it took me an hour to catch up this morning. The BLM surrender is awesome, and does show the "lamestream" media for what they are, mere gov't propaganda outlets. Flt 370 gets weirder all the time. Syria and Eastern Ukraine are still undecided and up in the air it seems.
ReplyDeleteThanks for all the updates and have a great morning.
Morning Kev - Good news from Nevada ( funny how BLM back tracked once Harry Reid's and China got put in the mix and it became clear the folks out there had guns and no qualms about using them to defend their land. Take a note folks , you just saw the playbook on how to stand your ground against tyranny. )
DeleteNo matter how you slice and dice Flight 370 , it doesn't add up neatly , as per the " official story " , Diego Garcia has been and still might be a black site and there is no evidence the plane ever hit water , let alone where they're presently searching ( and why did the search zone get moved such a great distance , perhaps it was just more convenient to flail around at the present area and appear busy while keeping costs down ? )
Ukraine getting messier again , Syria still in the win column for Assad , everything else ( Iraq , Afghanistan , Iran remains the same ) ... welcome to Chaos !
Stay tuned !
Hi Fred,Kev,Big Sis.
ReplyDeleteAnother great article on ZH,and the comments are even better ;-)
http://www.zerohedge.com/news/2014-04-12/all-presidents-bankers-world-bank-and-imf
Busy week on the Sun last week, here's the 48 hour loop found on solarham:
http://sohowww.nascom.nasa.gov/data/LATEST/current_c2.gif
Charts show Feb 2014 as peak of cycle 24:
http://www.solarham.net/averages.htm
This version of the solar cycle chart shows cycles 22 23 24 with awesome solar backround:
http://solarscience.msfc.nasa.gov/images/Cycle22Cycle23Cycle24big.gif
Major quakes in Soloman Islands: http://earthquake.usgs.gov/earthquakes/map/
Following a cat 4 typhoon in Austrailia:
http://www.wunderground.com/hurricane/south-pacific/2014/tropical-cyclone-Ita?map=sat
http://www.wunderground.com/blog/JeffMasters/comment.html?entrynum=2662
Blood moon eclipse monday night:
http://science.nasa.gov/science-news/science-at-nasa/2014/27mar_tetrad/
Let's hope they don't use that for an excuse to do really stupid stuff, kinda has a history as such...
Which leads me to : http://www.zerohedge.com/news/2014-04-12/why-standoff-bundy-ranch-very-big-deal
Glad the BLM backed down before it got outta control ! My hat's off to the folks who sttod their ground, it's a start ;-)
NW
Good afternoon NW !
DeleteHappy Palm Sunday to everyone who celebrates !
Wonder if we something unusual around this blood moon ? That would fit with the Illuminati Overlord bloodlust , right ?
Saw the quake and aftershock regarding Solomon Islands !
I think the PTBs overplayed their hand and underestimated the Opposition this time - but good for those folks who stood their ground out there ! BLM backed off when they saw those folks were prepared to throw down - not at all what they expected .... Hmm , are they studying Putin's playbook ?
Enjoy your Sunday - truly a beauty of a day ..... Just came back from running some errands and hitting the Market ( beef prices / chicken prices scary than Joan Rivers without make up .... ) Can't convince me there is no inflation......