GM Canola Has Market Says Study
June 15, 2007| |
Can genetically modified (GM) canola find a place in the international market? A report by the Australian Bureau of Agricultural and Resource Economics (ABARE) says that GM canola is finding acceptance in international markets at prices very similar to those of conventional canola. Traditional import markets like Japan, Mexico, China, Pakistan and Bangladesh generally accept GM as they would conventional canola at similar price levels. The exception is the European Union, which presently does not allow imports of the main GM canola varieties. Nevertheless, Canada which accounts for over 70% of canola exports worldwide exports mostly GM canola.
The report adds that market access issues are not the only concern. Other factors to consider include agronomic and environmental benefits, and the costs associated with keeping GM and non-GM separate in the handling and storage process.
Read the full report at http://www.abareconomics.com/corporate/media/releases_2007.html.
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