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.
Source: NAFB News Service