# China's Genetically Modified Dilemma | Asia Society

> In late December 2023, China approved 37 genetically modified corn varieties and 14 soybean varieties after a three-year trial. The move aims to raise domestic production and reduce reliance on imports, with soybeans noted as over 88% import-dependent.

- Date: 2024-05-29 · published 2024-05-29T12:00:00.000Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/14754-china-s-genetically-modified-dilemma-asia-society
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Expanded domestic GM corn and soybean planting could gradually cut Chinese import demand, which is bearish for global corn and soybean prices over time.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-07-05 | [Decree on glyphosate and genetically modified corn - Santamarina + Steta](https://feedsoft.ai/events/35019-decree-on-glyphosate-and-genetically-modified-corn-santamarina-steta.md) | +1.4% | -6.5% |
| CORN | 2024-01-19 | [GM Soybeans And China’s Food Security Dilemma - Jamestown](https://feedsoft.ai/events/14785-gm-soybeans-and-china-s-food-security-dilemma-jamestown.md) | +0.8% | -6.7% |
| CORN | 2024-09-26 | [Environmental Reform: Ban on Genetically Modified Corn \| Wilson Center](https://feedsoft.ai/events/28272-environmental-reform-ban-on-genetically-modified-corn-wilson-center.md) | +2.5% | +0.4% |
| CORN | 2025-04-04 | [Mexico Bans the Cultivation of Genetically Modified Corn, Opening Door for Other Restrictions in the Future](https://feedsoft.ai/events/25096-mexico-bans-the-cultivation-of-genetically-modified-corn-opening-door-for-other.md) | +3.4% | +2.3% |
| CORN | 2021-02-13 | [DECREE IS PUBLISHED ORDERING THE IMPLEMENTATION OF SEVERAL MEASURES TO ELIMINATE THE USE OF GLYPHOSATE AND GENETICALLY MODIFIED CORN IN THE COUNTRY. - BASHAM](https://feedsoft.ai/events/48622-decree-is-published-ordering-the-implementation-of-several-measures-to.md) | -2.1% | +2.7% |
| SOY | 2024-01-19 | [GM Soybeans And China’s Food Security Dilemma - Jamestown](https://feedsoft.ai/events/14785-gm-soybeans-and-china-s-food-security-dilemma-jamestown.md) | +0.8% | -4.2% |
| SOY | 2023-10-19 | [Appetite for soya hinders China’s self-sufficiency drive](https://feedsoft.ai/events/14808-appetite-for-soya-hinders-china-s-self-sufficiency-drive.md) | -1.7% | +5.6% |
| SOY | 2023-02-14 | [China to Plant More Soy, Speed up GMOs to Ensure Food Supply](https://feedsoft.ai/events/14866-china-to-plant-more-soy-speed-up-gmos-to-ensure-food-supply.md) | +0.4% | -2.8% |

## Sources

- asiasociety.org: https://asiasociety.org/policy-institute/chinas-genetically-modified-dilemma

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.