China set to bar more U.S. corn as GM ban drags on
China is set to keep rejecting U.S. corn shipments containing an unapproved genetically modified strain at least until the end of March, shrugging off pressure from Washington to swiftly approve the variety developed by crop chemicals giant Syngenta AG.
Under Chinese regulations, the earliest approval of the genetically modified MIR 162 strain could be late March, when the agriculture ministry’s biosafety committee holds its annual meeting. If no decision is made, the next review would be in June.
But authorities may continue curbing imports until the end of April, when annual stockpiling finishes, traders said.