Demand for Australia's GM Safflower on the RiseJune 15, 2022
A significant increase in demand for Australia's genetically modified (GM) high oleic acid safflower oil has been reported by the Agricultural Biotechnology Council of Australia as market preferences and access to resources shift globally this season.
GM safflower oil is approved for use in industrial products such as lubricants and transformer oils, offering an alternative to palm and crude oils. The increasing global demand for palm oil substitutes combined with the war in Ukraine has left a gap in the market for specialist oils as Ukraine is one of the world's largest global producers of high oleic sunflower oil. Super high oleic safflower oil was developed as part of the Crop Biofactories Initiative between CSIRO and GRDC to help Australian growers access the emerging global market for oilseed crops with industrial applications. The high oleic safflower technology was then licensed to Melbourne-based GO Resources.
GO Resources has been producing GM safflower with 'super high' levels of oleic acid, ranging from 92 to 95 percent since it was approved for commercial release in 2019. About 12,000 hectares of GM safflower are grown across Australia, with Western Australia as the latest state to start producing the crop.
For more details, read the industry insights from GRDC Groundcover.
You might also like:
- Australian OGTR Approves Commercial Release of GM Safflower
- Scientists Engineer Safflower to Produce Healthier Oil
- Australian Growers to Produce Super-High Oleic Safflower
Biotech Updates is a weekly newsletter of ISAAA, a not-for-profit organization. It is distributed for free to over 22,000 subscribers worldwide to inform them about the key developments in biosciences, especially in biotechnology. Your support will help us in our mission to feed the world with knowledge. You can help by donating as little as $10.
See more articles:
News from Around the World
- FAO Council Endorses Strategies on Climate Change and on Science and Innovation
- Key Considerations for Risk Assessment of Gene Drive Technologies
- Kenyan Gov’t Gives Nod to Use of Bt Cottonseed Cake for Animal Feeds
- Plant Growth Study Sheds Light on Cancer Research
- Demand for Australia's GM Safflower on the Rise
- Workshop Highlights Role of Science Communication in Advocating Philippine Modern Biotechnology
- Australia's OGTR Invites Comments on Commercial Release of GM Indian Mustard
- Philippine Biosafety Systems, Organic Agriculture and Co-Existence
- EFSA Releases Risk Assessment of New Sequencing Information for GM Sugar Beet H7-1
- Scientists Expose How a Potato Pathogen Sharpens its Weapons
- International Team Discovers Signaling Molecule that Make Flood Resistant Plants
- Experts to Use CRISPR for Carbon Capture with Crops
Read the latest:
- Biotech Updates (November 29, 2023)
- Gene Editing Supplement (November 29, 2023)
- Gene Drive Supplement (February 22, 2023)
Subscribe to BU: