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China Xiwang gets approval for US GMO corn imports

China Xiwang Sugar Holdings Co. Ltd. said on Wednesday it had obtained government approval for US corn imports, which signalled that Beijing would no longer stand in the way of the grain's trade.
A manager from Xiwang, one of China's top corn sweetener producers, told it had received the certificate for imports of 50,000 tonnes of genetically modified (GMO) corn. The company placed the order for a full boat-load of corn in May, marking the country's first major corn imports in years.

 "We can see there are no restrictions from the political side. Now the only thing is the market." said an industry source based in Beijing.

China, one of the world's top corn exporters only a few years ago, is expected to become a net importer of the grain possibly as early as next year.

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