AIRLINK 212.82 Increased By ▲ 3.27 (1.56%)
BOP 10.25 Decreased By ▼ -0.21 (-2.01%)
CNERGY 7.00 Decreased By ▼ -0.35 (-4.76%)
FCCL 33.47 Decreased By ▼ -0.92 (-2.68%)
FFL 17.64 Decreased By ▼ -0.41 (-2.27%)
FLYNG 21.82 Decreased By ▼ -1.10 (-4.8%)
HUBC 129.11 Decreased By ▼ -3.38 (-2.55%)
HUMNL 13.86 Decreased By ▼ -0.28 (-1.98%)
KEL 4.86 Decreased By ▼ -0.17 (-3.38%)
KOSM 6.93 Decreased By ▼ -0.14 (-1.98%)
MLCF 43.63 Decreased By ▼ -1.57 (-3.47%)
OGDC 212.95 Decreased By ▼ -5.43 (-2.49%)
PACE 7.22 Decreased By ▼ -0.36 (-4.75%)
PAEL 41.17 Decreased By ▼ -0.53 (-1.27%)
PIAHCLA 16.83 Decreased By ▼ -0.47 (-2.72%)
PIBTL 8.63 Increased By ▲ 0.08 (0.94%)
POWERPS 12.50 No Change ▼ 0.00 (0%)
PPL 183.03 Decreased By ▼ -6.00 (-3.17%)
PRL 39.63 Decreased By ▼ -2.70 (-6.38%)
PTC 24.73 Decreased By ▼ -0.44 (-1.75%)
SEARL 98.01 Decreased By ▼ -5.95 (-5.72%)
SILK 1.01 Decreased By ▼ -0.02 (-1.94%)
SSGC 41.73 Increased By ▲ 2.49 (6.35%)
SYM 18.86 Decreased By ▼ -0.30 (-1.57%)
TELE 9.00 Decreased By ▼ -0.24 (-2.6%)
TPLP 12.40 Decreased By ▼ -0.70 (-5.34%)
TRG 65.68 Decreased By ▼ -3.50 (-5.06%)
WAVESAPP 10.98 Increased By ▲ 0.26 (2.43%)
WTL 1.79 Increased By ▲ 0.08 (4.68%)
YOUW 4.03 Decreased By ▼ -0.11 (-2.66%)
BR100 11,866 Decreased By -213.1 (-1.76%)
BR30 35,697 Decreased By -905.3 (-2.47%)
KSE100 114,148 Decreased By -1904.2 (-1.64%)
KSE30 35,952 Decreased By -625.5 (-1.71%)

Australia could boost crop yields by up to 10 percent by producing commercial genetically modified canola, wheat, rice and maize, the government's Australian Bureau of Agricultural and Resource Economics (ABARE) said on Monday.
In its first report spelling out the economic impact of genetically modified (GMO) crops in Australia, ABARE estimated that modification would boost canola yields by 10 percent, although some local field trials had produced yield gains of up to 38 percent. The country will grow its first such commercial GMO canola crop this year and the focus will increasingly shift to modified strains.
But Australia's farmers have been reluctant to move quickly into GMO due to fear of loss of markets, and only 10,000 hectares in a total planted area of 1.27 million ha would be devoted to the modified oilseed, industry body the Australian Oilseeds Federation said.
Canada, the world's top canola exporter, produces mainly GMO canola. Australia, which has so far produced only conventional oilseed, is the second-biggest canola exporter.
ABARE also estimates that Australia could reap productivity gains of 9 percent from producing GMO wheat and 5 percent from GMO rice. "Over the longer-term, other broadacre GMO grain crops, such as wheat, soyabean, rice and maize, may also be approved for commercial plantings and adopted by Australian farmers," ABARE said.
Australia, the second-biggest wheat exporter after the United States, is conducting field trials on drought-resistant GMO wheat as the country battles a long-running drought rated as its worst in 100 years. ABARE also said that experimental field trials of wheat in Canada had produced yield increases of 9 percent.
Chinese trials had shown yield increases of 5 percent for rice. While only a small producer of rice, Australian exports are significant, at around 600,000 tonnes in a normal year.
Yield gains offered by GMO maize, or corn, amounted to around 6.5 percent, on US results, although GMO soyabeans have shown little yield gains, ABARE said. "GMO crops can provide significant economic benefits," said ABARE's executive director, Phillip Glyde, releasing the report.
"Delaying GMO uptake means we are forgoing significant economic benefits." Even though it is one of the main farm exporters in the world, Australia has been slow to adopt GMO crops, so far producing only GMO cotton and carnations.
Cotton, soyabeans, maize and canola constitute the main varieties of GMO crops around the world, with the United States the leading GMO crop nation producing 50 percent of the global total, followed by Argentina, 17 percent, Brazil, 13 percent, Canada, 6 percent, India, 5 percent, and China, 3 percent. ABARE said that adoption of GMO canola, wheat, rice, maize and soyabeans crops would produce cumulative benefits of over A$8 billion for Australia in the next 10 years.

Copyright Reuters, 2008

Comments

Comments are closed.