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India Express reports that the Indian Supreme Court plans to hear a case that could determine whether the country impose a complete moratorium on genetically modified crops until an independent testing facility can be established there. GM crops have proven to be problematic on the international trade scene, with the US pushing countries to accept them and some nations pushing back because of concerns that they create environmental hazards, especially for conventionally grown crops.

• The Rainforest Action Network is threatening that “2,000 concerned citizens across the nation will descend on their local supermarkets” today to apply stickers reading, “Warning! Product May Contain Rainforest Destruction,” on any items they find that contain palm oil. According to a statement released by the organization, the action is “targeting U.S. agribusinesses ADM, Bunge and Cargill for establishing soy and palm oil operations in many of the planet’s most threatened tropical rainforests.”

• The Los Angeles Times this morning reports that “the U.S. corn crop looks to have escaped heavy damage from massive flooding in the Midwest in June, the U.S. Department of Agriculture said Tuesday in issuing a rosier-than-expected projection for this year's harvest.

“The USDA said that farmers would harvest 4.9% more corn than its estimate in July and that market prices would be lower than projected. Some analysts said that would help ease food price inflation and reduce the financial pressure on ethanol refiners, which are becoming an important segment of the U.S. fuel market.”

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