date:Dec 04, 2013
China, one of the world's largest corn importers, is likely to reject more U.S. shipments of the grain after they were found to contain a genetically modified variety not approved by Beijing, traders said.
That has sparked fears that other cargoes could be turned away, with some traders and buyers warning that uncertainty over the discovery could prompt a sharp decline in new Chinese orders for U.S corn.
We are completely lost and have no idea how to deal with the situation, said one executive