Global Agri-biotech Market Hits US$27.8B in 2014 |
The global agri-biotech market sustains growth reaching US$27.8 billion by the end of 2014, according to the report released by BCC Research, a market research company based in the U.S. The global market for agri-biotech was US$26.4 in 2013. With the projected compound annual rate of 11 percent over the next five years, it is expected that the global market for agri-biotech might reach US$46.8 billion by 2019.
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European Parliament Approves New Law on Planting GM Crops |
Members of the European Parliament (MEPs) have passed a new law that will allow EU member states to restrict or ban the cultivation of genetically modified (GM) crops on their own territory, even if this is allowed at EU level. The legislation, originally tabled in 2010, but was then deadlocked for four years due to disagreement between pro- and anti-GMO member states, was informally agreed by Parliament and Council in December, and will come into force in spring of 2015.
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NEWS FROM AROUND THE WORLD |
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RESEARCH HIGHLIGHTS |
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GM APPROVAL UPDATES |
- Russia approved corn TC1507 for food, feed, and processing.
- Russia approved corn MZHG0JG for food, feed, and processing.
- Russia approved corn DAS40278 for food, feed, and processing.
- South Korea approved canola MS11 for food use.
- The Philippines approved corn Bt11 x MIR162 x MON89034 x GA21 for food, feed, and processing.
- The Philippines approved potato Y9 for food, feed, and processing.
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The Crop Biotech Update is a weekly newsletter of ISAAA, a non-for-profit organization. The CBU is distributed for free to over 23,000 subscribers worldwide to inform them about the key developments in biosciences, especially in agricultural biotechnology. Your support will help us in our mission to feed the world with knowledge. You can help by donating as little as $10. |
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