Biotechnology giant Monsanto has failed to win approval for a commercial-scale trial of genetically modified crops in Australia after objections from Australian wheat exporter AWB.
Go deeper with GlobalData
The New South Wales government said it had rejected Monsanto’s application to cultivate 3,000 hectares of GM canola, reported Agence France Presse.
NSW Agriculture Minister Ian Macdonald said AWB had voiced concerns that the country’s wheat export market could be negatively affected by the trial.
“AWB is the largest exporter by a significant factor, we have to be very careful we don’t upset their markets,” Macdonald was quoted by AFP as saying.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
