Sojitz to Buy Soybeans From Ukraine As Japan Seeks Non-GM Crops | Global AgInvesting

Sojitz to Buy Soybeans From Ukraine As Japan Seeks Non-GM Crops

Sojitz to Buy Soybeans From Ukraine As Japan Seeks Non-GM Crops

 

Japan’s Sojitz Corp. said it will import soybeans from Ukraine for the first time in an effort to secure non-GM soybeans.  Sojitz will deliver a trial “few hundred” metric tons in 2013 and will expand to 5,000 tons within three years. According to the U.S. Department of Agriculture (USDA) 93% of the total U.S. soybean crop was GM in 2012 and supply from the U.S. and Canada make up 92% of Japan’s imports in 2011.  Japan used more than 950,000 tons of soybeans last year for foods such as tofu, miso soup paste and natto, a stringy bean eaten for breakfast.  Of that, 80% of the demand was met by imports.

 

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