Genetically modified regulations cause market concern and soybean import slows down
-
Last Update: 2001-08-18
-
Source: Internet
-
Author: User
Search more information of high quality chemicals, good prices and reliable suppliers, visit
www.echemi.com
Lead: Chinese soybean crushers may face soybean shortages before the launch of new soybeans, Reuters reported, but importers are reluctant to order more imported soybeans because they have doubts about the implementation of the new GMO regulations Since the Chinese government said it would issue a new policy on genetically modified organisms, China has signed few new import contracts Traders are reluctant to order new soybeans because they fear that if new rules and regulations are enacted, their goods may fail to pass strict inspection regulations Beijing has yet to say when it will issue detailed rules on genetically modified regulations Traders expect the government to set a grace period for the rest of the year to allow imports to be free of restrictive regulations From October to the end of the year, the number of imported soybeans may be reduced to about 600000 tons per month, far below the average of millions of tons per month so far this year Traders estimate that China may be short of 12 million tons of soybeans this year, Reuters reported Domestic crushers have to import to meet the demand There are also rumors that China is using GM regulations to control soybean imports after China's accession to the world trade organization (author:) share to feed Weibo share to:
This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only.
This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of
the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed
description of the concern or complaint, to
service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content
will be removed immediately.
