US corn processors ban GM crops
TWO leading US corn processor have spurned genetically modified (GM) corn which has not been approved by the European Union (EU).
Archer Daniels Midland (ADM) joins A E Staley in declaring it will not buy or trade GM corn.
The move has come in response to European concern over GM crops and potential trade difficulties for companies handling non-approved produce.
Four varieties of GM corn grown in the USA have been given approval in Europe, but another seven have not.
The National Corn Growers Association, a US industry body, has expressed concern about the processors decision to ban GM crops.
The association estimates that up to 40% of all corn grown in the USA this year will come from GM seed.
The US corn industry calculates that European worries over GM crops cost it $200 million (£124m) in potential corn exports last year.
- Financial Times 15/04/99 page 6