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Stock impact report

China approves first gene-edited wheat in step to open up GM tech to food crops [Reuters]

Origin Agritech Limited (SEED) 
US:NASDAQ Investor Relations: originseed.investorroom.com
Company Research Source: Reuters
China has in the past year ramped up approvals of genetically modified (GM) corn and soybean seeds that are higher-yielding and resistant to insects and herbicide to secure its food security, but the uptake remains slow and cautious due to concerns about the impact to health and ecology. Unlike genetic modification, which introduces foreign genes into a plant, gene editing alters existing genes to change or improve its performance and is viewed by some scientists as less risky than genetically modifying them. China mostly imports GM crops such as corn and soybeans for animal feed and grows non-GM varieties for food consumption. Many Chinese consumers remain concerned about the safety of GM food crops. The approval for the gene-edited disease-resistant wheat is seen as a milestone, as the ingredient - used to make pasta, noodles and bread - is predominantly grown in China for food consumption. China is the world's largest wheat producer and consumer. "It is a big step, we can Show less Read more
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