The following is an edited excerpt of a longer story. Find a link to the full story below.
Brazil, the world’s No. 2 soy exporter, will lobby top buyer China to speed approval for imports of three new gene-modified varieties of soybean, and one of corn, in a bid to prevent another lost season of planting, a Brazilian official said.
Nearly 90 percent of Brazil’s soybean crop is genetically modified, and the country is banking on increased planting of gene-modified varieties to further boost output, as it looks to overtake the United States as top soybean producer this year.
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Firms such as global seed giant Monsanto Co have rolled out new GM seeds for planting in the next season, but without a green light from China, which buys 70 percent of Brazil’s soybeans, farmers and exporters in the South American nation could face a major headache.
View the full story here: Brazil aims to sway China on GM soy, corn approvals
