The Swiss agricultural chemical company Syngenta stated that as the demand for meat continues to increase and thus triggers a huge demand for feed, the leading consumer countries in Asia, including China, are expected to approve GM corn in the next 3-5 years (2361,0.00 , 0.00%), to increase grain production.
Changes in dietary habits and structures as well as improvements in living standards will increase the demand for corn. Maize is an important source of animal feed in Asia. However, local corn production is insufficient to meet demand, and it will need to be imported to cause inflation. According to Davor Pisk, chief operating officer of Syngenta, these factors are accelerating food production and food safety.
China is the world’s second largest corn grower and consumer, but corn production is only half that of the United States and it is increasingly dependent on corn imports. Chinese domestic companies are likely to introduce genetically modified corn in 2017 or earlier.
Pisk said in an interview in Singapore: “I personally anticipate that GM corn will be commercialized in China in the next 4-5 years.†He said that China’s potential is huge. In the next 15 years, the annual corn consumption gap will be 80 million. To 100 million tons. The Chinese government must first affirm the public's confidence in genetically modified products and ensure that local companies have the technology to promote the application of genetically modified crops.
Hardin Grewal, head of corn marketing at Syngenta Asia Pacific, said in another interview in Singapore that the sales potential of GM seeds and pesticide chemicals in other countries is very strong. "I think that in the next 3-5 years, you will see that the small-scale planting countries in the Asia Pacific region will use GM technology."
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