date:May 31, 2013
genetically modified food, said Abah Ofon, an analyst at Standard Chartered Bank in Singapore. This is adding to concerns that already exist on quality and availability of food wheat globally.
European traders said Black Sea and EU wheat was well positioned to benefit in any displaced demand for U.S. grain. But some were more pragmatic on the overall impact.
Japan is in a position to be selective and to react sharply. It has other suppliers and the financial means to be choosy and pay more if