Investing.com investing.com 02 Jan, 2021 22:00 am

Mexico farm lobby blasts ban on GMO corn; organic growers welcome it By Reuters

Mexico farm lobby blasts ban on GMO corn; organic growers welcome it By Reuters
Mexico farm lobby blasts ban on GMO corn; organic growers welcome it

Mexico will "revoke and refrain from granting permits for the release of genetically modified corn seeds into the environment," stated a decree issued Thursday evening, which also mandated the phase out of GMO corn imports by 2024.Proponents of GMO corn say the ban on domestic cultivation would limit the options of Mexican farmers, while phasing out its importation could imperil the food chain.is essential for many products in the agrifood chain," added Tamayo, also a regional corporate director for Bayer (OTC: BAYRY ), whose agrochemical unit Monsanto (NYSE: MON ) makes weedkiller Roundup and the GMO corn designed to survive application of the pesticide.It was unclear whether the decree will phase out imported GMO corn for livestock, or whether the rules will only apply to corn grown for human consumption.

FILE PHOTO: A farmer holds different types of corn cobs in Otzolotepec By Laura Gottesdiener MONTERREY, Mexico (Reuters) - Mexico's main agricultural lobby on Saturday criticized the government's decision to ban genetically modified corn, while organic growers hailed the move that should protect smaller farmers."On the other hand, the import of genetically modified grain from the U.

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