America facing wheat export crisis as Europe and Japan lead the way in rejecting genetically modified crops
May 31st, 2013
- EU will test incoming shipments after GM crops discovered in Oregon
– Japan cancels tender offer to buy U.S western white wheat
– No GM wheat varieties are approved for general planting in U.S.
“Unapproved genetically modified wheat has been discovered growing in the United States.
The revelation is threatening the outlook for U.S. exports of the world’s biggest traded food commodity, with importers keenly aware of consumer sensitivity to gene-altered food.
The European Union is preparing to test incoming shipments, and will block any containing GM wheat. Chicago Board of Trade wheat futures fell 0.5 percent on Thursday.”