Sao Paulo, BR (Reuters) — Brazil’s government published a new regulation June 17 to align rules for genetically modified (GMO) crops with global standards, a move the agriculture lobby says will make it easier to import more GMO soy and corn from the United States.
Under the new rules, published by Brazilian biosecurity regulator CTNBio in the official government gazette, crops with different genetic modifications can be transported in the same ship, provided each modification is already approved, industry group CropLife said.
“This new regulation makes it possible to import grains from outside Mercosur, creating an alternative for protein producers in Brazil,” the Brazilian Animal Protein Association (ABPA) said.
It sees the United States, the world’s biggest corn exporter and a large soy exporter, as Brazil’s most likely grains provider outside the Mercosur.
Prices of corn and soy, used to feed swine and poultry, rose more than 100% and 60%, respectively, over the last year.