Brazil is working to clear the way for corn imports from the U.S. at the end of this year. Currently, various genetically modified corn traits used in the United States are not approved for import into Brazil. However, DTN reports Brazil is planning to temporarily allow certain GM corn traits to supply the nation’s poultry and pork industry. Brazil’s domestic corn prices have increased significantly on fears of a shortage. A drought, largely driven by El Niño, caused significant losses to second-crop corn in Brazil, dropping production output by 20 percent. Brazil has already imported around 600,000 metric tons of corn this year, mostly from Argentina, and will still need to import more towards the end of this year.
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