As China granted approvals for several varieties of GM maize and soybean, market experts expect a boost in yields, to impact the food market since both are staples and widely used as sources of edible oils and animal feed. The approvals include 37 GM maize and 14 GM soybean varieties in October.
According to Kaiyuan Securities, GM maize and soybeans are projected to build a new market share of 7 billion yuan (US$988.4 million) within eight years. This projection is based on the trends shown in the US.
Click here to see more...