MICHAEL J. CRUMB
August 31, 2011
The soybean industry is seeking government approval of a genetically modified soybean it says will produce oil lower in saturated fat, offer consumers a healthier alternative to foods containing trans fats and increase demand for growers’ crops.
Demand for soybean oil has dropped sharply since 2005, when the U.S. Food and Drug Administration began requiring labels to list levels of trans fats, which have been linked to coronary heart disease. Vegetable oil does not naturally contain trans fats, but when hydrogen is added to make it suitable for use in the food industry, trans fats are created.
Bayer Gets Green Light For GMO Soy Seed Sales To Argentina
August 31, 2011
BUENOS AIRES -(Dow Jones)- Germany’sBayer AG (BAYN.XE, BAYRY) has received approval for its strain of genetically modified soybeans in Argentina, clearing the way for sales to one of the world’s top soy producers.
Argentina approved the Liberty Link soybean technology, which involves transgenic seeds resistant to the herbicide glufosinate-ammonium, according to the company.
Bayer CropScience is now moving to obtain approval for seeds with multiple transgenic traits, generally a formality in Argentina, which is one of the world’s leading supporters and producers of genetically modified agricultural goods. Liberty Link will be combined with stacked traits and launched in Argentina “in the forthcoming years,” the company said in a statement.
Argentina is the world’s leading exporter of soyoil and meal, and ranks third behind the U.S. and Brazil in soybean exports.