Australia would not find it difficult to export grain if it grew genetically modified crops, according to a report from the country’s commodity agency.
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Last week Australian authorities approved the commercial release of genetically modified canola, the first GM food crop to gain regulatory approval in Australia.
Many opponents to GM crops say Australia’s grain exports would be hurt due to widespread fears over the environmental safety of GM material, and worries that non-GM grain could be contaminated with GM grain.
However, a report by the Australian Bureau of Agriculture and Resource Economics (ABARE) said that there was no evidence that GM grains could not find ready markets, reported Reuters.
“GM producing countries already dominate the world grain trade,” the report said.
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By GlobalDataIt added that GM crops now account for 79% of maize traded worldwide, 69% of soybeans, 53% of cottonseed and 42% of canola.
