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Plans by Scotland, and possibly Germany, to ban genetically modified (GM) crops could prove a boon for farmers of conventional crops in these countries, but could also put further research at risk, analysts say.
As a result of the ban, producers of non-GM crops in Scotland may see prices rise if demand remains strong and other countries switch to producing GM crops, according to Hamish Smith, a commodities economist at Capital Economics.
A European Union law introduced earlier in the year gave member states the right to opt-out of EU-wide approvals of new GM crops. This would prevent the crop being grown in that country. Early in August, Scotland announced it would opt-out and Reuters reported last week that Germany would follow suit, citing a letter it viewed from the German agricultural minister.
Read full, original post: German, Scottish ban on GM crops could lift food prices