PHILIPPINE GOVERNMENT TO CHALLENGE GMO BAN ORDERED BY SUPREME COURT

12/21/2015

The government of the Philippines stated that it plans to challenge a ban on GMO imports that was ordered by the country’s top court. The announcement comes after the court’s ban rattled global soybean markets. The Supreme Court struck down a 2002 regulation that permitted GMO imports and instituted a temporary ban until new regulations are formed. The Philippines imports approximately 2.2 million tons of soybeans each year, largely from the United States, the vast majority of which is genetically modified. This decision comes alongside a recent court decision to stop developing GMO eggplant in the Philippines that was spurred by a case filed by Greenpeace Southeast Asia. Markets are sensitive to GMO issues in large Asian consumer countries, and the Chicago Board of Trade blamed the Philippine court ruling for the lowest price per short ton of soymeal in five years. According to an importer in Manila, banning GMO soymeal would require Philippine buyers to buy non-GMO soymeal, which would significantly increase the cost to the consumer. For the full story, see http://uk.reuters.com/article/us-philippines-gmo-idUKKBN0U00O520151217