12-03-2013 10:40 AM
The crazy thing is that this trait (Viptera) HAS been approved in the EU, and those folks are normally the slowest on the planet to approve GMO traits..
hate to say it, but the Chinese have played this perfectly......to their advantage
there is a LOT of this trait planted, correct??
12-03-2013 12:22 PM
they've been giving the impression the trait was going to be approved for more than a year.......and with EU approval (which is like the good housekeeping seal of approval), the seed biz went full throttle on the promotional side of selling this product... (after all, it will be approved in just a few weeks/months, etc)
easy to see where dragging feet on approval could eventually be a great tool for the Chinese.....if you need it, go ahead and take it.....if you can use it to put some fear in the market, go ahead and do that.....
now, it will get very interesting to see if this stuff actually gets approved in Q1 of 2014
and whether they choose to start rejecting some DDG cargoes for same thing...
eventually it becomes a math equation.....how much demurrage can you afford and what is the cost of getting to the next market that will take it.....
12-03-2013 12:41 PM
12-03-2013 12:44 PM
from an early 2012 article:
"it is predictable"------you kidding me??!!
The Chinese approval system is much better than the approval system in Europe. It is predictable. The current negative is that it requires approval by another country before the approval process can start. In the case of Mir162, the start of the Chinese process had to wait until Syngenta had approval for Mir162 in Brazil. After that Chinese approval takes about 2 years. In this case, Syngenta was able to apply in China in March 2010 and expects approval in March 2012. There will be a period of several months when the 2011 crop, with some Mir162 in it, could be sold to China, but would not be acceptable when it gets there
12-03-2013 02:51 PM
Too bad this trait is getting a black eye from the chinese. Stopped the cutworms dead in their tracks and seemed to get a yield boost also compared to the same number without the viptera trait.