Analysis: China's rejection of GM trait costly to U.S.

摘要

AN economic analysis issued last week by the National Grain & Feed Assn. (NGFA) estimates that the U.S. corn, dried distillers grain (DDG) and soy sectors have sustained economic losses of up to $2.9 billion in the aftermath of the enforcement of a zero-tolerance policy regarding P Syngenta's Agrisure Viptera MIR 162 corn technology in U.S. shipments to China, where the trait has not been approved for import.A second NGFA analysis revealed that U.S. growers, grain handlers and exporters could face an even greater economic impact — up to $3.4 billion — during the 2014-15 marketing year that starts Sept. 1, given Syngenta North America Inc.'s decision to launch seed sales of its new Viptera Duracade 5307 biotech corn well before the earliest regulatory approval timelines in key U.S. corn export markets, including China.