Bioceres’ GMO Wheat Is Safe for Production, US Says
- USDA says company’s HB4 grain poses no major pest risk
- Bioceres seeks to bring first GMO wheat to world markets
This article is for subscribers only.
The Biden administration has cleared the way for a type of genetically modified wheat from Argentina, putting agriculture technology company Bioceres Crop Solutions Corp. a step closer to its goal of bringing its drought-tolerant grain to global markets.
Shares in the Rosario, Argentina-based company surged as much as 13% on Wednesday after the US Department of Agriculture said a day earlier that Bioceres’ so-called HB4 wheat is unlikely to pose an increased plant pest threat and “may be safely grown and bred” in the US. The decision clears the regulatory path for the strain, which is also herbicide resistant.