Investors in engineered salmon skittish over retailers’ caution and regulatory delays

The Obama administration has stalled for more than four years on deciding whether to approve a fast-growing salmon that would be the first genetically modified animal approved for human consumption. During that time, opponents of the technology have taken advantage of increasing consumer concern about genetically modified foods and urged several major retailers not to sell them. So far, two of the nation’s biggest grocers, Safeway and Kroger, have pledged to keep the salmon off their shelves if it is approved.

Proponents of genetically engineered fish and meat say they expect Food and Drug Administration approval of the salmon and still hope to find a market for it. However, the retailers’ caution and lengthy regulatory delays have made investors skittish.

Read the full, original article: Engineered salmon face upstream fight

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