UPDATE 1-Brazil approves imports of GMO corn varieties from the U.S.
(Adds industry group quotes, information on GM corn producers benefit)
SAO PAULO Oct 6 (Reuters) - Brazil's biosafety commission CTNBio approved on Thursday imports of three genetically modified (GM) varieties of corn from the United States for animal feed production, said the government and the poultry and pork industry group ABPA.
The measure will facilitate U.S. corn exports to Brazil, said ABPA, adding it will help mitigate tight corn supplies after a harsh drought severely cut production this year, and forced the animal growers to import corn from Argentina.
The Brazilian biosafety commission approved two GM corn varieties produced by Monsanto Co and one developed by Syngenta AG.
Brazil already cultivates and processes genetically modified organisms, but varieties that are not planted in the country need a greenlight from CTNBio to be imported and processed.
Francisco Turra, head of ABPA, said Thursday negotiations between Brazilian pork and poultry processors and U.S. corn traders were already under way, but any purchases hinged on the import approval for the three corn varieties.
Turra said U.S. GM corn could help supply the local market through January, when Brazil's next corn crop starts being sold domestically.
"That does not mean we would import large quantities," Turra said, adding that the measure gives the sector flexibility at times of tight supplies.
Earlier this year, the Brazilian government lifted taxes on corn imports from outside of the Mercosur trade bloc to mitigate the issue of low supplies. (Reporting by Gustavo Bonato; Writing by Marcelo Teixeira; Editing by Ana Mano and Lisa Shumaker)
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