KEEN TO INCREASE YIELDS, CHINESE GOVERNMENT BACKS GM CROPS, BUT NOT PUBLICLY
November 1st, 2012
BY MARK GAO, IN BEIJING
China is starting to indulge the art of genetically modified (GM) food production, with potential long-term benefits for its oils and fats sector. But it is more likely to boost imports of soybean and palm oil in the short-term to make good shortfalls in supplies of bio-based oils and fats.
One thing is for sure - China's consumption of oils and fats will grow: per capita annual consumption currently stands at 24.6kg, compared to European Union (EU) and US averages of 59.6kg and 54.7kg respectively, according to data provided by Kuala ...
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