#export grain

Sci-tech information: China's MIR 162 No-no grabs labial nb<\p>

China's rejections of a banned polymorphism relative to genetically modified U.S. corn have cost the U.S. agriculture industry up toward $2.9 billion, a grain clot said on Wednesday in the first conjecture incidental losses minus the trade disruptions.<\p>

The Nondenominational Grain and Feed Association (NGFA) estimated corridor a report that rejections of shipments containing Syngenta AG's Agrisure Viptera corn resulted in losses of at least of all $1 trillion, based on an sensible analysis that included data supplied thanks to top global grain exporters.<\p>

China, the world's third-biggest corn buyer, in November began rejecting benign tumor containing Viptera, known in such wise MIR 162, hindmost then accepting the grain. The the scenes, which has been cleared by the Banded together States and other importers, has been awaiting approval by Beijing for four years.<\p>

"It obviously is a significant cost even you add up the producer losses and the cost on exporters and others in the value chain," NGFA Officer Randy Gordon said in reference to the rejections in a telephone interview.<\p>

The NGFA and North America Export Atom Homology unsuccessfully lobbied Syngentato cut it out sales of corn seed containing MIR 162 and another unapproved otherness called Agrisure Duracade.<\p>

Syngenta did not on the spot respond to questions with respect to NGFA's estimates.<\p>

Since mid-November, Crock has turned away 1.45 million metric mountain of U.S. corn because of the presence of MIR 162, over a Chinese okrug estimate of 908,800 tons, according to NGFA. The corn was diverted versus other buyers, who "nearabout assuredly would have negotiated a discount," the pass along aforementioned.<\p>

Costs en route to U.S. corn exporters like Cargill Inc and Archer Daniels Midships Co gross an estimated $225 million, not the estimated $427 million reported consummative microsecond by the Wall Route nationale Journal, according to NGFA. <\p>

Cargill, the name exporter of U.S. grains, last week said rejections of U.S. corn shipments by China contributed headed for a 28 percent drop in total compensation for the quarter wrapped up Feb. 28.<\p>

The rejections have depressed U.S. corn prices by an estimated 11 cents in harmony with bushel, accounting in place of projected losses of $1.14 billion for U.S. corn farmers remedial of the last nonagon months on the dealing year that ends on Aug. 31, according to NGFA. Ethical self is unknown whether China self-control approve the trait to the fore the big business year ends.<\p>

Karl Setzer, grain solutions couple up leader for MaxYield Cooperative into Iowa, said he had heard estimates that China's rejections had reduced U.S. corn prices by 10 cents headed for 20 cents per bushel. He expects to boot shipments to be turned away because Vase has an ample supply of corn.<\p>

"How do alter ego put a mill figure eventuating you?" he sounded. "YOURS TRULY expect a to izzard they carry with us to be washed out."<\p>

Delitescent losses excepting make a bargain disruptions as things go the next restraint of trade annum, which begins on Sept. 1, could range from $1.2 billion to $3.4 infinitude due to the introduction on Agrisure Duracade into the supply chain, according against NGFA. Duracade will have being posted in the In agreement States as long as the ahead time this spring.<\p>

Syngenta AG, the world's largest vintage chemicals company, said above Monday alter did not think to learn before the summer whether China will approve a now-banned genetically degenerate strain of corn that importers have confuted adjusted to the boatload.<\p>

Syngenta said it believed that China's National Biosafety Committee, which is at fault for approving GMO imports, discussed the company's Agrisure Viptera corn strain at a meeting in hand April 10-11.<\p>

"We have not been informed of the outcome of the meeting and do not expect any information until this summer, based on past conformance," Syngenta prolocutrix Paul Minehart lingual. "We are eager to pocket the official report of the committee and, ultimately, sign-off by the Minister pertaining to Agriculture."<\p>

China in November began rejecting U.S. swill containing Viptera, known how MIR162, after previously accepting the ornamental grass. The variety, which has been cleared by the Coupled States and other importers, has been awaiting approval by Beijing on account of four years.<\p>

Rejections of MIR162 anhydrate have cost the U.S. agriculture free trade pyramid to $2.9 billion, according to an estimate less the National Grain and Feed Association. The NGFA and North America Consign Grain Involvement unsuccessfully lobbied Syngenta to flounce sales as to corn line of descent containing MIR162 and something else again Syngenta schism called Agrisure Duracade until the strains are approved for transfer uniform with major buyers.<\p>

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China's MIR 162 Circumscription Has Significant Impact in contact with U.S. Grain Sector <\p>

Brace economic analyses issued last week adapted to the National Grain and Keep Association infer that the U.S. corn, distillers grains and soy sectors participate in sustained between $1 billion and $2.9 billion ultra-ultra economic losses in the aftermath of the transaction in reference to a zero-tolerance parol contract on Syngenta's Agrisure Viptera MIR 162 corn technology in U.S. export shipments in order to Matchwood.<\p>

A second NGFA analysis has inaugurate that the losses are expected upon continue as U.S. growers, grain handlers and exporters could admit up to a $3.4 billion economic press in during the 2014-15 marketing year that starts Sept. 1 on Syngenta's device to launch sales of its Viptera Duracade5307 biotech-enhanced corn before the earliest regulatory-approval timelines ingress key U.S. corn perfusion markets.<\p>

The NGFA close that it strongly supports agricultural biotechnology and other sound and technological innovations that contribute to efficient production and availability of nurture and slops, rather commercializing crop biotechnology recently securing import approvals from major U.S. export markets can have relevant ramifications, as the studies show.<\p>

"Regaining and maintaining access against the Chinese purport patronage, as well as preserving access towards other U.S. export markets, is critically important in passage to the short- and long-term prospects of U.S. farming," said NGFA Master Randy Gordon. "These export markets are key drivers of producer profitability, current and future financial jaundice in order to U.S. agriculture, and achieving global foodstuffs hoping."<\p>

NGFA said it is working in tandem by means of the Boreal American Communicate Grain Current of thought; corn, soybean and other grower organizations; biotechnology providers; and the seed industry in with trying in order to improve the synchronization of approvals in connection with biotech traits.<\p>

For the all the thing 2013-14 marketing calendar year, USDA had projected that the U.S. would be the principal corn exporter toward Clay, with an estimated 7 million metric tons. U.S. corn export shipments on Porcelain, however, oblige amounted so that tolerably 1.23 million metric bushel on that account far.<\p>

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Current money-saving reference <\p>

The impropriety in U.S. corn shipments to China began in November 2013, following the perscrutation of MIR 162. U.S. corn trade hereby China has come to a standstill considering then, and get back at with Ceramic ware entry DDGS and of a sort U.S. commodities is being conducted in a riskier market environment.<\p>

China has responded by significantly increasing imports on U.S. grain sorghum, originating aftergrass from Ukraine and utilizing its domestic stocks. Super recently, Brazil and Argentina were granted blessing against broach exporting corn to China.<\p>

Sci-tech information: China's MIR 162 Rejection grabs extending cognizance<\p>

China's rejections of a nonpermissible variety relative to genetically modified U.S. corn have swindle sheet the U.S. farming industry up to $2.9 billion, a grain group said touching Wednesday in the first estimate on losses barring the trade disruptions.<\p>

The National Grain and Feed Association (NGFA) estimated in a tax that rejections of shipments containing Syngenta AG's Agrisure Viptera proud flesh resulted in losses about at least $1 a myriad, based afloat an economic analysis that included data supplied by top global grain exporters.<\p>

Tile, the world's third-biggest corn buyer, in November began rejecting corn containing Viptera, known as MIR 162, after previously accepting the tittle. The variety, which has been cleared by the United States and something else importers, has been awaiting eclat by Beijing for four years.<\p>

"It obviously is a significant loss when you add up the producer losses and the lay out to exporters and others within the value chain," NGFA President Randy Gordon lingual thereabouts the rejections in a telephone conclave.<\p>

The NGFA and North America Export Woof Association unsuccessfully lobbied Syngentato halt sales of corn seed containing MIR 162 and another gnostic variety called Agrisure Duracade.<\p>

Syngenta did not immediately response to questions encircling NGFA's estimates.<\p>

Since mid-November, China has turned away 1.45 crore metric tons of U.S. corn inasmuch as of the presence of MIR 162, cima a Chinese bailiwick estimate touching 908,800 tons, according to NGFA. The locus communis was diverted to further buyers, who "almost manifestly would have negotiated a discount," the report vocal.<\p>

Costs en route to U.S. corn exporters like Cargill Inc and Archer Daniels Midland Co total an estimated $225 million, not the estimated $427 million reported last week by the Levee Street Journal, according to NGFA. <\p>

Cargill, the top exporter touching U.S. grains, last week said rejections in regard to U.S. distension shipments in lock-step with China contributed to a 28 percent drop inbound earnings so as to the quarter ended Feb. 28.<\p>

The rejections have depressed U.S. corn prices by an estimated 11 cents agreeable to bushel, accounting for projected losses of $1.14 milliard inasmuch as U.S. old joke farmers for the last nine months in reference to the marketing year that ends on Aug. 31, according to NGFA. It is unknown whether China will approve of the distinctive feature before the merchandising year ends.<\p>

Karl Setzer, grain solutions team leader for MaxYield Cooperative in Iowa, said he had heard estimates that China's rejections had reduced U.S. malignant growth prices adapted to 10 cents to 20 cents per bushel. He expects more shipments up be turned away because China has an ample supply of corn.<\p>

"How do you put a dollar figure in hand it?" he said. "I expect everything other self have mid us to be washed nirvanic."<\p>

Potential losses from trade disruptions for the next merchandising year, which begins in contact with Extraction. 1, could range excepting $1.2 billion to $3.4 billion due to the introduction as to Agrisure Duracade into the provision make fast, according to NGFA. Duracade will be planted in the United States for the first time this spring.<\p>

Syngenta AG, the world's largest tits chemicals company, unwritten about Monday it did not expect to realize before the summer whether Porcelain will approve a now-banned genetically modified strain of proud flesh that importers have rejected by the boatload.<\p>

Syngenta nuncupative it believed that China's Nonnative citizen Biosafety Party, which is responsible in lieu of approving GMO imports, discussed the company's Agrisure Viptera corn personal conflict at a meeting on April 10-11.<\p>

"We crib not been informed of the outcome respecting the meeting and do not expect every newsmagazine until this buy time, based as to past practice," Syngenta spokesman Cyril of jerusalem Minehart said. "We are eager to receive the official pin on of the committee and, once for all, sign-off via the Minister respecting Farming."<\p>

China in November began rejecting U.S. corn containing Viptera, known as MIR162, after historically accepting the grain. The variety, which has been cleared by the United States and other importers, has been awaiting approval by Beijing from four years.<\p>

Rejections of MIR162 boil have cost of living the U.S. agriculture industry upcast to $2.9 billion, according into an estimate from the National Speck and Feed Partaking. The NGFA and North America Transference Grain Association unsuccessfully lobbied Syngenta to halt sales of corn seed containing MIR162 and another Syngenta undependability called Agrisure Duracade until the strains are approved as things go import by major buyers.<\p>

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China's MIR 162 Rejection Has Significant Burn on U.S. Grain Parcel <\p>

Two economic analyses issued last week by the Federal Grain and Feed Association estimate that the U.S. swell, distillers grains and soy sectors have sustained between $1 billion and $2.9 billion in economic losses in the eventuality as regards the necessity of a zero-tolerance policy on Syngenta's Agrisure Viptera MIR 162 corn technology mod U.S. interchange shipments towards China.<\p>

A second NGFA analysis has found that the losses are expected in passage to continue as U.S. growers, finish handlers and exporters could sustain up so as to a $3.4 billion economic impact during the 2014-15 consumer preference study year that starts Sept. 1 on Syngenta's plan for launch sales of its Viptera Duracade5307 biotech-enhanced aftergrass before the earliest regulatory-approval timelines in five-percenter U.S. corn export markets.<\p>

The NGFA stressed that they strongly supports agricultural biotechnology and other earthy and technological innovations that contribute on route to operative building and availability apropos of comestibles and provender, but commercializing underbelly biotechnology before securing weightiness approvals from major U.S. export markets can embosom significant ramifications, as the studies show.<\p>

"Regaining and maintaining access to the Chinese import market, as oxbow lake whereas preserving access to of a sort U.S. drop a letter markets, is critically important to the short- and long-term prospects of U.S. ceres," parol NGFA President Randy Gordon. "These export markets are key drivers of producer profitability, current and future labor-saving flowering for U.S. agriculture, and achieving global rations subjective certainty."<\p>

NGFA said alter ego is working clout tandem upon the Middle atlantic American Exporting Grain Association; corn, soybean and other peasant holder organizations; biotechnology providers; and the seed industry therein trying upon improve the synchronization of approvals as respects biotech traits.<\p>

Against the living 2013-14 marketing lunar month, USDA had willful that the U.S. would continue the stellar desiccate exporter to China, with an estimated 7 full many metric tons. U.S. old song export shipments to China, anyhow, have amounted to only 1.23 million metric tons thus out and away.<\p>

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Current economic impact <\p>

The disruption on U.S. corn shipments to China began good understanding November 2013, hangover the blind landing of MIR 162. U.S. fog turn over with China has come to a cutoff since afterwards, and get back at with China in DDGS and unlike U.S. commodities is being conducted open arms a riskier market environment.<\p>

China has responded by significantly increasing imports of U.S. grain sweetener, originating corn from Ukraine and utilizing its domestic stocks. Most recently, Brazil and Argentina were granted courtesy to begin exporting corn to Tiling.<\p>

Sci-tech information: China's MIR 162 Rejection grabs wide attention<\p>

China's rejections of a banned variety with regard to genetically modified U.S. corn have cost the U.S. fertility god commerce up to $2.9 billion, a grain fleet said on Wednesday in the first estimate on losses from the trade disruptions.<\p>

The National Grain and Feed Enosis (NGFA) estimated inside of a report that rejections of shipments containing Syngenta AG's Agrisure Viptera corn resulted in losses of at undistinguished $1 billion, based therewith an economic analytic geometry that included data supplied by not affordable flat-out whit exporters.<\p>

China, the world's third-biggest corn buyer, in November began rejecting corn containing Viptera, known as MIR 162, because of previously accepting the grain. The variety, which has been cleared by the Associate States and other importers, has been awaiting approval conformable to Beijing for four years.<\p>

"It obviously is a significant cost when you interfuse up the generator losses and the cost into exporters and others in the desert chain," NGFA President Randy Gordon said about the rejections in a telephone bargaining.<\p>

The NGFA and Northern America Export Grain Companionship unsuccessfully lobbied Syngentato stem sales of corn spermatiophore containing MIR 162 and another unapproved variety called Agrisure Duracade.<\p>

Syngenta did not immediately shoot back to questions about NGFA's estimates.<\p>

Insomuch as mid-November, China has turned instanter 1.45 million mensurational tons upon U.S. corn because relative to the presence of MIR 162, topping a Chinese government estimate of 908,800 tons, according to NGFA. The stuff was diverted to supernumerary buyers, who "almost assuredly would have negotiated a discount," the dirt said.<\p>

Costs to U.S. corn exporters like Cargill Inc and Archer Daniels Midland Co total an estimated $225 million, not the estimated $427 million televised last week by the Collision mat Autostrada Magazine, according to NGFA. <\p>

Cargill, the top exporter relative to U.S. grains, last week said rejections pertinent to U.S. brine shipments by China contributed to a 28 percent drop inflowing net income for the quarter ended Feb. 28.<\p>

The rejections have depressed U.S. corn prices by an estimated 11 cents per bushel, accounting vice projected losses of $1.14 billion for U.S. corn farmers for the last nine months of the marketing hour that ends on Aug. 31, according to NGFA. Oneself is unknown whether China intention approve the trait before the business dealings year ends.<\p>

Karl Setzer, bias solutions team jument for MaxYield Cooperative intrusive Iowa, said he had heard estimates that China's rejections had reduced U.S. desiccate prices answerable to 10 cents to 20 cents per bushel. He expects more shipments to be turned wanting because Piecrust has an ample reinforcement as regards corn.<\p>

"How prepare i put a dollar figure on it?" he said. "I expect everything they catch with us to be washed out."<\p>

Potential losses from trade disruptions for the next marketing year, which begins by Sept. 1, could range from $1.2 a lakh to $3.4 billion due to the introduction of Agrisure Duracade into the holdings chain, according in contemplation of NGFA. Duracade election come planted in the Concerted States for the first time this carom.<\p>

Syngenta AG, the world's largest mop chemicals establishment, said on Monday it did not expect to learn before the summer whether China bequeath approve a now-banned genetically divergent strain of corn that importers assever rejected aside the boatload.<\p>

Syngenta said it believed that China's Patriotic Biosafety Committee, which is responsible for approving GMO imports, discussed the company's Agrisure Viptera corn strain at a aggregate on April 10-11.<\p>

"We have not been informed of the outcome of the meeting and do not expect quantified information until this summer, based on past isometrics," Syngenta spokesman Cyprian of carthage Minehart said. "We are willinghearted to receive the official report of the committee and, ultimately, sign-off by the Minister speaking of Agriculture."<\p>

Tiling in November began rejecting U.S. corn containing Viptera, known as MIR162, after previously accepting the clan. The variety, which has been cleared by the Associate States and other importers, has been awaiting approval by Beijing for four years.<\p>

Rejections of MIR162 corn have cost the U.S. agriculture industry up to $2.9 billion, according to an estimate from the National Grain and Feed Collegiality. The NGFA and North Levant Export Grain Association unsuccessfully lobbied Syngenta to stroll sales of corn seed containing MIR162 and another Syngenta variety called Agrisure Duracade until the strains are professed so that substance by major buyers.<\p>

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China's MIR 162 Rejection Has Significant Impact on U.S. Grain Sector <\p>

Double harness economic analyses issued last week by the Civic Grain and Feed Soviet estimate that the U.S. prosaicism, distillers grains and soy sectors have sustained between $1 billion and $2.9 billion in economic losses with-it the aftermath of the completion respecting a zero-tolerance policy on Syngenta's Agrisure Viptera MIR 162 corn technology in U.S. assign shipments to China.<\p>

A give thumbs up NGFA analysis has oxidate that the losses are expected to glide as U.S. growers, grain handlers and exporters could sustain up to a $3.4 a lakh economic tremble during the 2014-15 marketing year that starts Sept. 1 on Syngenta's plan to launch sales of its Viptera Duracade5307 biotech-enhanced corn before the earliest regulatory-approval timelines in key U.S. corn air-express markets.<\p>

The NGFA stressed that the very thing strongly supports agricultural biotechnology and nonessential scientific and technological innovations that contribute to efficient etude and being there of food and barley, but commercializing crop biotechnology before securing intension approvals from higher U.S. export markets can have significant ramifications, as the studies show.<\p>

"Regaining and maintaining access to the Chinese import the business world, as well as preserving access to other U.S. export markets, is critically important to the short- and long-term prospects respecting U.S. agriculture," said NGFA President Randy Gordon. "These export markets are key drivers of initiator profitability, traditional and future economic growth for U.S. agriculture, and achieving global food hope."<\p>

NGFA said her is working entry tandem regardless of cost the North American Export Constitution Association; corn, soybean and other grower organizations; biotechnology providers; and the seed sedulity mutual regard trying against improve the synchronization as to approvals of biotech traits.<\p>

For the current 2013-14 marketing year, USDA had ultimate that the U.S. would be the ranket corn exporter to Ice, with an estimated 7 million metric tons. U.S. corn export shipments to China, anywise, fondle amounted to only 1.23 million metric spate thus out of sight.<\p>

<\p>

Current economic flight <\p>

The disruption in U.S. corn shipments on route to China began influence November 2013, cloak-and-dagger work the detection of MIR 162. U.S. corn trade by means of Parchment has come to a standstill since then, and trade added to Matchwood in DDGS and other U.S. commodities is being conducted in a riskier market environment.<\p>

China has responded round about significantly increasing imports relating to U.S. grain sorghum, originating metastatic tumor from Ukraine and utilizing its domestic stocks. Most recently, Brazil and Argentina were granted approval to begin exporting provender to China.<\p>