LATIN AMERICA · AGRIBUSINESS
Key Facts
—The headline: The China GM crop approval has cleared 74 new genetically modified corn and soy varieties in preliminary review by China’s CNCVRC, signaling continued expansion of domestic GM cultivation.
—The trajectory: China has now approved more than 200 GM corn and soy varieties in preliminary review since the program began in October 2023, with the agriculture ministry expanding pilot acreage each season.
—The export exposure: Brazil supplied 71 percent of China’s soy imports in 2024, and Argentina has scaled corn and soybean exports sharply, with both countries vulnerable to declining Chinese import demand if domestic GM yields rise.
