The market is optimistic about the prospect of China's interim GM measures
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Last Update: 2002-11-25
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Source: Internet
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Author: User
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Lead: Reuters Hong Kong, Nov 19 (Reuters) - Reuters Hong Kong, Nov 19 (Reuters) - at present, many traders believe that China's Ministry of agriculture will issue a new temporary safety certificate for genetically modified soybeans at the end of November If soybeans are imported after Dec 20, they need to obtain these certificates China's Ministry of Agriculture held a meeting Friday to explain the details of GM regulations Before the meeting, many traders successfully submitted applications to the Ministry of agriculture for importing soybeans from the United States and Argentina Traders are also confident that Brazil can reach an agreement with China, which will pave the way for Brazil's soybean exports to China Brazil is the second largest soybean producer in the world, and currently the government does not allow the planting of genetically modified soybeans Another trader in Shanghai said that in his personal opinion, Brazil's soybean exports to China would not encounter major problems Otherwise, it will change the current rising water structure of soybean prices Brazilian soybean prices will be cheaper, while American and Argentine soybean prices will be stronger Officials at the Brazilian embassy in China said he expected a Brazilian mission to discuss the soybean trade with the Chinese government in December, which was scheduled to take place this week 2Hq 2Hq
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