The State Council held a meeting on July 9 on the development of GMO biological varieties. The meeting concluded that GMO research is significant in developing new biological varieties, increasing agricultural production and farmers’ income and enhancing China’s agricultural competitiveness in the world.

The goal of GMO research is a number of genes with intellectual property right and genes to be applied to agricultural production. New biological varieties capable of high yield, high quality, pest-resistance and contravariance are to be developed.

BOABC holds that, against the backdrop of global grain price hike, China’s decision to develop GMO farm products will help step up the nation’s farm production.

List

News Briefs 1

China to Develop GMO Biological Varieties 2

Wheat Procurement Faster Than Last Year 2

Moderate Growth in Early Paddy Production Expected 4

Corn Production Expected to Go Up in Lower Reaches of Yellow & Huai Rivers 5

Small Corn Starch Mills in the Red 6

Weather & Crop Conditions 8

Crop Conditions 9

Weather Forecast (July 18, 2008?July 24, 2008) 11

Price Trends 12