RSS
Twitter
Linked In
News In
News
Linked In
RSS
https://twitter.com/Agrimoney
http://www.newsnow.co.uk/h/Industry+Sectors/Agriculture

You are viewing 1 of your 2 complimentary articles.

Register now to receive full access.

Already registered?

Login | Join us now

GM crops 'too much of a hot potato' for Interflour boss

Twitter Linkedin

Genetically modified organisms are "political dynamite" warns Greg Harvey, chief executive of Interflour, one of Asia's largest millers.

But other forms of biotechnology, such as gene editing, could offer higher yields and quality, with less opposition, Mr Harvey told delegates at the Agrimoney Investment Forum.

Singapore-based Interflour, one of the world's largest flour millers, buys 6m tonnes of wheat annually, primarily from Australia, and supplies flour across South East Asia and Turkey.

The company aims to be among world's top 10 millers by 2018.

Political dynamite

Despite the benefits offered by genetically modified technology, Mr Harvey warned of the scale of political and consumer opposition.

"I don't know if it's going to make it", he said, suggesting that the potential of the technology could fail to be realised.

Mr Harvey said the technology was "too much of a hot potato".

"[High profile] companies like Nestle will not have anything that contains GMOs," Mr Harvey said.

Gene editing potential

But other biotechnology, such as gene editing could prove "less controversial," said Mr Harvey.

Genome editing differs from conventional transgenic GM technology, in that it involves manipulation of the species' own DNA, as opposed to the introduction of DNA from other species.

Mr Harvey said the technology had the potential to improve the quality of crops, allowing for a higher yield of food from grain processing.

The regulatory status of genetically edited crops is currently ambiguous in some regions, including the EU.

By Agrimoney.com

Twitter Linkedin
Related Stories

France cuts wheat export hopes, after slowdown in shipments to non-EU buyers

The EU’s top wheat producer lowers hopes for its export recovery, noting strong competition with the likes of Argentine, US supplies for buyers

Gasc's Romania purchase offers false dawn over kicking Russia habit

The Egyptian agency’s first purchase of non-Russian wheat since August was down to rising shipping rates - which will end up favouring Russia even more

Morning markets: Grains stage a recovery. Will it last?

Corn, soybean and wheat futures start Wednesday making headway which has been difficult to come by of late. Cotton gains too

Evening markets: ags overlook crumbs of comfort in Wasde to set fresh historic low

The Bcom ag commodity subindex ends at a fresh record low, as US export fears overtake upbeat interpretations of corn, cotton estimate revisions
Home | About | RSS | Commodities | Companies | Markets | Legal disclaimer | Privacy policy | Contact

Our Brands: Comtell | Feedinfo | FGInsight

© Agrimoney.com 2017

Agrimoney.com and Agrimoney are trademarks of Agrimoney Ltd
Agrimoney is part of the Briefing Media group
Agrimoney Ltd is registered in England & Wales. Registered number: 09239069