POST Online Media Lite Edition



 

World's largest poultry exporter thinks about using GMO corn

Staff Writer |
Brazil's BRF, the world's largest poultry exporter, is weighing the possibility of importing corn from the United States as local supplies remain tight, CFO Alexandre Borges said.

Article continues below






Brazil's official biosafety commission CTNBio last week cleared the entrance into the country of certain varieties of U.S. genetically modified corn, paving the way for Brazilian poultry and pork processors to import it to feed animals.

"We are still evaluating, but we see as a positive development the fact they opened up this possibility," Borges told reporters after meeting investors and analysts in Sao Paulo.

BRF is still studying several aspects related to the import procedure, Borges said. But as the supply shortage continues in Brazil, the local poultry and pork industry is likely to import the U.S. corn, he said.

"We continue to see a tight supply in the short term. This window to buy U.S. corn could help to relief this tightness," Borges said.


What to read next

Brazil eliminates 8% import tax on corn to boost U.S. imports
Dutch destroy 63,000 hens thanks to bird flu outbreak
Brazil kicks off second corn harvest ahead of historical average