News

China: Overseas agriculture-related information express (Issue 392)

Frozen Scallop
Seafood
China
Regulation & Compliances
Maize (Corn)
Nuts & Seeds
Japan
Market & Price Trends
Published Nov 25, 2023

Tridge summary

The Chinese government has approved a list of genetically modified corn and soybean varieties, including those developed by China Seed Group and local enterprises. China's high consumption and potential food shortage necessitate reducing import dependence. Japan's export of Hokkaido scallops to China dropped to zero after the ban on Japanese aquatic product imports, while exports to the United States surged, filling 1/4 of the gap left by China. In 2024, Japan's rice supply is expected to decline, leading to a rise in rice prices.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

1. According to a recent report by the British Financial Times, the Chinese government has initially approved 37 genetically modified corn varieties and 14 genetically modified soybean varieties. The approved list includes corn varieties developed by China Seed Group, a subsidiary of Syngenta Group, as well as those from local enterprises Beijing Soybean varieties of Dabeinong Technology Group. China is the world's largest importer of soybeans and corn. With the increase in per capita consumption and the current potential food shortage, China urgently needs to solve the problem of import dependence. ​ 2. According to a recent report by Japan's "Asahi Shimbun", trade statistics released by Japan's Hakodate City Customs show that since China completely banned the import of Japanese aquatic products on August 24, exports of Hokkaido scallops and other aquatic products to China in September dropped from the highest level during the period. 7.4 billion yen (equivalent to RMB 360 ...
Source: Foodmate
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