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02.01.2014 |

USA: Prices for distillers grains plunge after China rejections

Prices for dried distillers grains (DDGs)—a by-product of corn-based ethanol that is used as animal feed—fell $30 a ton at U.S. export markets after top buyer China rejected two shipments last week because of the presence of an unapproved strain of genetically modified grain, traders said Tuesday.

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