Mar. 23, 2020
On 27th February, 2019, the Beijing Dabeinong Technology Group received a formal written notice from Argentina’s Production and Labor Ministry granting it a planting permit for transgenic soybean event DBN-09004-6, developed by Dabeinong Biotechnical Ltd., a subsidiary of the group.
The granting of the permit is a milestone in Dabeinong’s GM soybean business development in the South American market, and is a significant achievement in the research and industrialization of Dabeinong’s biotechnology efforts in South America, which will create new opportunities for the market promotion and application of the company’s biotechnology products.
GM soybean is resistant to two types of herbicides, glyphosate
and glufosinate, therefore, helping to effectively solve resistance issues affecting soybean production in South America. It will also provide a more flexible and convenient technical approach to countering glyphosate-resistant weeds and original maize seedlings. The large-scale commercial application of the product in Argentina will be subject to import licensing procedures in China. Therefore, the company will immediately start the submission process, in accordance with China's import laws and regulatory requirements. At the same time, its application for a planting permit in Uruguay is the process, to be followed by an similar application in Brazil. It also plans to apply for import licenses in major soybean import markets, such as the EU, Japan and South Korea.
Beijing Dabeinong Biotechnology Ltd., as a subsidiary of the Dabeinong Group, is a high-tech enterprise dedicated to the research and development of soybean and maize-related biotechnologies. The company has made major investments in scientific research and talent cultivation for nearly ten years, resulting in progress in the research and development of soybean and corn-related biotechnologies. The company is preparing to apply for planting licenses in South America for its next-generation GM soybean, and will offer more competitive products and technical services to business partners and soybean growers in the continent.
The granting of the planting permit is an addition to the company’s product industrialization and promotion in the South American market, which will create new opportunities over the next few years, though it will not have a significant impact on the company's short-term business operations.