China authorizes new varieties of genetically modified grains to reduce its dependence on imports

Soybean

Published Jan 20, 2024

Tridge summary

China approved new varieties of transgenic soybeans, cotton, and corn for import and production to improve food security and reduce dependence on foreign countries. The Ministry of Agriculture also authorized imports of insect- and herbicide-resistant transgenic soybean variety DBN8002 and herbicide-tolerant corn variety DP202216, extending the authorizations for five years. The news impacted futures markets for agricultural raw materials, with prices reflecting nearly generalized falls in the period following the approvals, due in part to China's efforts to reduce its dependence on imports for these crops.

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Original content

The Government of China approved this Thursday - January 18 - new varieties of transgenic soybeans, cotton and corn for import and production with the aim of improving food security and reducing dependence on foreign countries. The Asian country imports more than 100 million tons of soybeans and cereals annually and is one of the world's largest consumers of grains. The Ministry of Agriculture has also authorized imports of the insect- and herbicide-resistant transgenic soybean variety DBN8002 and the herbicide-tolerant corn variety DP202216. The authorizations are extended for five years, (starting January 2 of this year). In December, China granted licenses to a first batch of 26 companies to grow and sell genetically modified corn and soybean seeds, after years of pilot testing. Market introduction of genetically modified crops could reach 85% within three to five years, once the industry is fully commercialized, according to a report by genetically modified organisms promoter ...

Source: Agropopular