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Biotech ban may limit US trade
Posted by: Prof. Dr. M. Raupp (IP Logged)
Date: September 17, 2007 12:56AM

THE United States is expecting record harvests but EU rules against
biotech-derived crops may force Europe to turn to South American sources
to make up the differences.
?Unfortunately, without a workable approval process for grains derived
through biotechnology, the EU is limited in its potential sources for
corn,? says Ken Hobbie, US Grains Council president and CEO. ?They are
likely to turn to South American sources, reducing the amount of feed
grains from those origins available to other importers.?

According to reports, the EU corn crop will be down 8.7 million metric
tons (342.5 million bushels) compared to 2006, with the majority of the
loss in Romania and Hungary where drought is blamed for harvests
estimated to be 50 per cent lower than last year. Untimely rains in
France, Germany and the United Kingdom (UK) damaged much of the wheat
crop in those countries, already stressed by earlier heat waves.

The USDA has estimated the EU will need to import 6 million tons (236.2
million bushels) of corn and 1 million tons (39.4 million bushels) of
sorghum, increasing competition for these grains on the international
market.

www.checkbiotech.org



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