Home News Argentina authorizes the cultivation of genetically modified wheat. Why exporters fear...

Argentina authorizes the cultivation of genetically modified wheat. Why exporters fear that many customers will give up importing grain from this country

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However, Bioceres said HB4 seeds – which are much more drought-resistant – will not be immediately available on the market.

“We will continue production according to the current scheme for preserving the identity of the variety. For now, we will not sell the seeds, “company sources told Reuters, who wished to remain anonymous.

Argentina was the first country in the world to approve a genetically modified wheat variety on an experimental basis in 2020, followed by Brazil in 2021 – the largest destination for Argentine wheat.

The Argentine Ministry of Agriculture has announced that INDEAR, which is part of the Bioceres group, is now authorized to market seeds, products and by-products derived from the so-called wheat IND-12412-7.

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The use of genetically modified wheat in Argentina is causing concern among exporters, who fear that many customers will give up importing grain from Argentina because genetically modified wheat and its derivatives are not yet licensed in most countries.

“These regulations pose major commercial risks. The economic consequences of any loss of market share will be borne by the Ministry of Agriculture and Bioceres, “said Argentine grain and seed exporters.

Argentina’s wheat harvest in the 2022/2023 season is expected to reach 19 million tons, according to the Rosario Grains Exchange.

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