NPR's business news begins with Japan's wheat ban.
Japan has suspended wheat imports from the Pacific Northwest states. This comes after the U.S. Agricultural Department found genetically modified wheat growing on an Oregon farm - as we reported on this program yesterday. GMO wheat has not been approved for U.S. farming, and it's not clear how the wheat found its way onto the farm.
A farmer in Oregon has found some genetically engineered wheat growing on his land. It's an unwelcome surprise, because this type of wheat has never been approved for commercial planting.
The U.S. Department of Agriculture says it's investigating, trying to find out how this wheat got there. The USDA says there's no risk to public health, but wheat exporters are worried about how their customers in Asia and Europe will react.
"I'm shocked by the optimism here," Howard Yana-Shapiro, the chief agricultural officer for Mars Inc. said Tuesday to the audience of the Chicago Council on Global Affairs' Global Food Security Symposium in Washington, D.C.
Seated there before him were some of the leaders from the wealthiest international organizations and multinational companies of the fight to end hunger. And Shapiro told them they weren't even close.