I don't trust anything that says 100% because that's simply not possible. It just makes me wonder how much they're rounding up. That aside, I wouldn't want food grade because it's less strict than USP. Also, from a recent FCC article:
Poster: Opportunities to modernize the compendial quality standard for food-grade glycerin to reduce the risk of adulteration
(#142-14; Monday, July 19; 11:00 a.m.–1:30 p.m.)
Moore, J.C.*; DeVries, J.W.**; Lipp, M.*; Holloway, G.*; Griffiths, J.C.*; * = U.S. Pharmacopeia Staff; ** = Medallion Labs/USP Food Ingredients Expert Committee
Human consumption of adulterated glycerin includes many tragedies over the past century involving hundreds of deaths. In the United States, recent revisions to the compendial standard for excipient-grade glycerin have been implemented to reduce the risk for adulteration of medicines (both prescription and over-the-counter) with diethylene glycol (DEG) and ethylene glycol (EG). The objectives for this study were to characterize the risks of potential dietary exposure to DEG adulterated glycerin, to assess the likelihood of economic adulteration and supply chain issues, and to identify opportunities to modernize the Food Chemicals Codex (FCC) standard for glycerin to mitigate the risk for adulteration with DEG and other potential adulterants. Results indicate that economic incentive and supply chain confusion could lead to gross adulteration of food-grade glycerin, and that low-level adulteration from supply chain contamination is possible. Dietary exposure to DEG/EG adulterat! ed glycerin would pose a serious food safety concern even when adulterated at low levels. The current FCC standard for glycerin is capable of only detecting materials adulterated with significant (5–10%) levels of DEG, and flagrant replacement with other potential adulterants. To prevent the risk of low-level DEG/EG adulteration of glycerin, the addition of a GC method capable of detecting such adulterants is recommended for the FCC. Investigation into new quantitative assay methods capable of distinguishing glycerin from other potential economic adulterants is also recommended.
Source:
FCC Resources
As a further note, USP Glycerin requires every batch to be tested to have <0.10% of DEG and EG (compared to 5-10% detection threshold in food grade).