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2008-12-08 | permalink
U.S. Grains Council sees South Korea’s 2009 GE corn imports falling
South Korea, the world’s No. 3 corn importer, may slash imports of the grain by around 1 million tonnes, as feed makers are set to shift to cheaper alternatives such as wheat, a director of the U.S. Grains Council said [...] Min said imports of food-grade corn, which represents less than 20 percent of South Korea’s total corn imports, were also likely to suffer further decline as food processors switch to cheaper sweeteners such as sugar as scarcity of non-genetically modified corn made the grain less price competitive.
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2008-12-08 | permalink
U.S. Grains Council sees South Korea’s 2009 GE corn imports falling
South Korea, the world’s No. 3 corn importer, may slash imports of the grain by around 1 million tonnes, as feed makers are set to shift to cheaper alternatives such as wheat, a director of the U.S. Grains Council said [...] Min said imports of food-grade corn, which represents less than 20 percent of South Korea’s total corn imports, were also likely to suffer further decline as food processors switch to cheaper sweeteners such as sugar as scarcity of non-genetically modified corn made the grain less price competitive.
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