last release: 7 March 2024
Policy Developments
- On 1 February, India announced it would strengthen support to soybeans and other oilseeds under its interim budget for 2024-25. The government indicated support for research into high-yielding varieties, adoption of modern farming techniques, market linkages, procurement, value addition, and crop insurance would be included.
- On 6 February, Argentina approved the commercialisation of a new variety of genetically modified soybean, under Provision 3/2024. While the approved variety cannot be planted, it can be imported from abroad. According to the government, the measure would improve availability of oilseeds on the domestic market.