China further clarifies genetically modified regulations

Beijing, Jan 10 (Oster Dow Jones): China's agricultural authorities confirmed Thursday that imported GM soybeans and other crops arriving in China after March 20 must be provided with safety certificates for approval by the port authorities The above is the information disclosed by the relevant personnel of the agricultural genetically modified organisms Management Office of the Ministry of agriculture of China The move was seen by many traders as a response to criticism in the industry, which accused the details of the GM regulations, like those published in June last year, of not providing much specific operational content On January 7, China's Ministry of Agriculture issued the long-awaited regulatory regulations on genetically modified organisms, which led to a three-day rise in soybean futures on the Dalian Commodity Exchange, with major contracts up about 7% since the first trading day in 2002 However, the vast majority of traders and analysts complain that the contents of these Regulations are vague, and many are still unclear about the results of the implementation of the regulations on March 20 Some analysts said it was unclear whether the March 20 date meant the date when traders signed the contract, the start of the ship's schedule, or the arrival of cargo ships at Chinese ports The confirmation made by the agricultural genetically modified Management Office clarifies this point, that is to say, the local traders must seize the time to sign the contract of immediate delivery, and try their best to ship the soybeans to China before March 20, which is very difficult for most people to achieve.