Sao Paulo, BRAZIL — Brazil’s agriculture ministry has issued a regulation facilitating imports of genetically modified (GMO) soybeans from the United States, according to a Reuters report.
The statement sent late on Thursday in response to questions from Reuters said the regulation conferred legal security to imports of grains from the United states “by recognizing the equivalence of genetically modified events approved in the United States and in Brazil”.
Brazil is the world’s top producer exporter of soybeans but this year has sold such huge volumes to China that little was left for domestic consumption.
Brazil will import 1 million tonnes of soybeans this year, according to a forecast by Brazil’s oilseeds crushing group Abiove.
The ministry of agriculture’s rule was published in the official gazette on Nov. 4, according to the statement.
To read the full Reuters article, click here.
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