rains Council Says EU Approval Opens Doors
U.S. Grains Council Senior Regional Director Cary Sifferath says official approval of the Syngenta corn variety MIR 162 Agrisure Vipterra in the European Union opens a window of opportunity for U.S. products - including distiller's dried grains with soluble and corn gluten feed. Sifferath says this is especially attractive in big markets like Ireland, Spain, Portugal and the Netherlands. At a time of crop shortage in Europe and high prices - Sifferath says everyone is looking for alternatives. But the opportunity may only exist for a limited time - as new crop biotech events coming down the pipeline are not yet approved in Europe. The Grains Council notes U.S. farmers might plant such products in the spring - meaning they may enter the market in the fall of 2013. This could stall sales of U.S. co-products into the EU again if the approval process remains sluggish.
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