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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (3332)	7/8/2004 7:34:30 PM
From: RealMuLan	Read Replies (2) \| Respond to of 6370

China destroys shipment of tainted US soybeans July 8, 2004 Beijing - Chinese quarantine officials have found a plant-destroying microbe in some 57 000 tons of soybeans imported from the United States, state press said Thursday. Workers at the Guangzhou Inspection and Quarantine Bureau in the country's south said the cargo was infested with phytophthora sojae, a notorious microbe responsible for soy rot, Xinhua news agency said. The shipment was seized and destroyed. The seizure comes after China froze a nearly $1.6 billion (R9.76 billion) annual soybean trade with Brazil in June after shipments were found to be tainted by a fungicide. Trade between the two countries however resumed after a new agreement was reached on bio-safety standards. Xinhua did not say if US shipments of soybeans would be halted because of the microbe. It was the fifth shipment to be infested with the microbe that inspectors in Guangzhou have found since early 2003, it said. The fungus-like microbe is closely related to algae, can be killed in high temperature and is estimated to cause at least $100 million (R610 million) in damage to soybean crops in the United States each year, it said. China is the world's biggest importer of US soybeans, taking nearly $3 billion (R18.3 billion) worth last year. - AFP busrep.co.za