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China imports Argentina's GMO corn

08/07/2013 @ 5:52am

China approved 60,000 metric tons of genetically modified Argentinean corn for import, the first time the Asian nation has allowed such a large shipment from Argentina, Argentina's agriculture minister Norberto Yauhar said in a statement Tuesday on his ministry's website.

The cargo arrived mid-July in the southern Shenzhen port of China, and was sold by Chinese state grain trading giant Cofco Ltd. to two domestic feed producers, it said.

The Wall Street Journal reported in June that Argentina had sold the shipment to China, which left Argentina in mid-June.

China's General Administration of Quality Supervision, Inspection and Quarantine, its state quality watchdog, wasn't available for immediate comment Wednesday, but state-run Xinhua news agency reported the trade development also quoting Argentina's statement.

Argentina is the world's second-largest corn exporter after the U.S.--sometimes its third-largest depending on Brazil's output--and has been trying to gain a foothold in the Chinese market. China's corn imports last year reached 5.2 million tons, of which the U.S. accounted for 98% and Argentina for 50 tons.

In the first six months this year, China's corn imports reached 1.5 million tons, of which the U.S. accounted for 99% and Argentina accounted for 3 tons.

Write to Chuin-Wei Yap at chuin-wei.yap@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

August 07, 2013 04:01 ET (08:01 GMT)

DJ China Approves Argentina GMO Corn Import -Argentina Ministry->copyright

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