nav Searchuser
Maxunitech Inc.
Beijing Multigrass Formulation Co., Ltd.

New GM soy approval by EU guarantees market for Brazilian growersqrcode

Jul. 9, 2012

Favorites Print
Forward
Jul. 9, 2012
Approval by the European Commission on June 28th of the commercialization of the new technology of transgenic soy that combines in a single seed tolerance for herbicides and resistance to insects, represents an opening of the market and acceptance of the benefits and safety of genetically modified seeds for the world, according to the Brazilian Association of Seeds and Seedlings (ABRASEM).

ABRASEM is celebrating the opening of new doors to varieties of high technology seeds that offer growers benefits as well as peace of mind, and now, the guarantee that they can also export to the European Union the soy produced in Brazil from the new seeds. Europe is the second main destination of Brazilian soy exports, after only China.

According to ABRASEM, the Brazilian regulatory framework is one of the most highly evolved in the world with respect to genetically modified organisms, though it regrets that the pace has not been the same in the principal markets where national production is sent. "Nowadays, companies are investing more and more in new technologies for the Brazilian market. It is necessary for the markets that are importing our agricultural production to keep pace with this movement," notes farmer and ABRASEM President, Narciso Barison Neto. With regard to the seed, he also emphasizes that it will bring environmental benefits, since it will considerably reduce the use of herbicides and insecticides by growers.

Brazilian growers await approval of new soy in new markets

The new soy, which goes by the commercial name of Intacta RR2 Pro, was approved for growing and commercialization in Brazil by the Brazilian National Technical Commission for Biosafety (CTNBio) in 2010. It is the first variety developed from combined genes and especially for Brazil, although according to ABRASEM, its use is going to expand to other countries, chiefly the member countries of Mercosul. The new technology is also awaiting approval for commercialization in China, which is the largest importer of Brazilian soy. In 2011, 17.5 million tons of soy were exported to the Chinese market.

Barison explains that the same approval that took place in Europe is expected for other countries such as China. "In addition to guaranteeing a market for growers who have opted for the new technology, the approvals of commercialization help to increase Brazilian exports of commodities and, consequently, to increase revenue for growers, while also contributing to our positive trade balance, making the Brazilian grower more efficient and competitive," he says. He also emphasizes the importance of regulatory synchronization concerning biotechnology among the principal exporting and importing countries of grains so there will be good commercial fluidity between markets.
Source: ABRASEM

Picture 0/1200

More from AgroNews

Magazine

2019 CRO & CRAO Manual 2019 Market Insight
Chinese issue of 2019 Market Insight 2019 India Pesticide Suppliers Guide
2019 Biologicals Special 2019 Latin America Focus
Subscribe Comment

Subscribe 

Subscribe Email: *
Name:
Mobile Number:  

Comment  

Picture 0/1200

Subscribe to daily email alerts of AgroNews.