May 22, 2014
US corn exports to China fall to seven-month low
US corn exports to China fell to the lowest level in seven months as China continues to block the entrance of the genetically modified crop, reported Bloomberg.
According to data released by Chinese customs, China cleared 8,568 tonnes of US corn in April, compared with 12,023 tonnes in March and 787,124 tonnes in last November.
Total imports stood at 93,123 tonnes in April, more than half of which was supplied by Ukraine.
China rejected US corn for concerns over the presence of MIR 162, an insect-resistant genetic trait, owned by Syngenta AG.
USDA said that as much as 586,800 tonnes of corn shipments to China haven't been delivered as of May 8.