Wednesday, July 27, 2016 S.Korea rejects Argentine wheat due to GMOBy Jane ChungReutersSEOUL — South Korea rejected a shipment of Argentine feed wheat after finding unapproved strains of genetically modified organisms (GMO) in the cargo, Korea’s agriculture ministry said yesterday. Shift to AsiaAmple Argentine wheat supplies and the low grain quality have pressured prices and boosted feed wheat shipments to Asia. It imported 396,900 tons of Argentine feed wheat in June out of total imports of 910,946 tons, according to the statement. “When you analyze the destinations that Argentine feed wheat is being shipped to, there has been a radical shift toward Asia,” said Leandro Pierbattisti, chief analyst with Argentina’s grains warehousing chamber. South Korea, Asia’s fourth-largest economy, mostly imports feed wheat from Australia, India, Ukraine and Canada.

Source: Bueno Aires Herald July 27, 2016 03:41 UTC