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China Lifting Ban on MIR 162

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Following the announcement that China has approved Syngenta’s MIR 162 trait, Growth Energy expects the dried distillers grain market to reopen. China had denied some cargoes of U.S. corn and DDG’s because testing showed they contained the trait which at the time was not approved for import into China. Several farmers in the U.S. had already joined a lawsuit against Syngenta claiming the unapproved trait had kept their product from being imported and hampered the monetary value of the product. Growth Energy CEO Tom Buis said “China has been the largest market for U.S. DDGs and with the restriction removed, we look forward to once again providing our highly nutritious animal feed to Chinese livestock producers.”

Source: NAFB News Service