What China’s GMO Approvals Could Mean for the Seed and Agrochemical Markets
According to a press release on the AgriBusiness Global website, China plans an overhaul of its seed rules that will pave way for GMO approvals. It is a big step for China’s modern agriculture and a new business opportunity for upstream ag input suppliers.
On July 9, 2021, the 20th meeting of the Commission for Deepening Overall Reform of the China Central Committee deliberated and approved the “Action Plan for Revitalizing the Seed Industry.” It showed China’s top management puts great importance on the innovations brought on by biological breeding, especially the R&D and industrialization of genetically modified organisms (GMO). The growing domestic demand for food, protein, and high pricing of food commodities pushed China’s GM adoption so the government can guarantee the ability to feed the country’s 1.4 billion people. Even though the safety of authorization will be very strict, the national trend has been set.
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On July 9, 2021, the 20th meeting of the Commission for Deepening Overall Reform of the China Central Committee deliberated and approved the “Action Plan for Revitalizing the Seed Industry.” It showed China’s top management puts great importance on the innovations brought on by biological breeding, especially the R&D and industrialization of genetically modified organisms (GMO). The growing domestic demand for food, protein, and high pricing of food commodities pushed China’s GM adoption so the government can guarantee the ability to feed the country’s 1.4 billion people. Even though the safety of authorization will be very strict, the national trend has been set.
Click Here to read more.