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Tuesday, 22 September 2009

Potential shortage of animal feed protein supplies in the EU

The Agriculture Commissioner for the EU, Mariann Fischer Boel, recently warned at an EU Commission meeting that a shortage of soybean meal for animal feed could add to financial problems for EU livestock producers. This summer small amounts of a biotech corn approved in the U.S., but not in the EU, were found in soybean meal imports from the U.S. Since the EU has a zero tolerance for non-approved biotech products, about 200000 metric tons of U.S. soybean meal has been withheld from the market and traders are indicating that imports from the U.S. may be stopped until the issue is resolved. This is not a new issue for EU countries.

Source: Truth about Trade and Technology