Devastating blow to soy processors as Chinese shoppers dump GMOs

‘Is the GMO soy industry finally feeling the burn? It seems that it is, at least in China. Chinese consumers are pushing back against GMOs, and as a result, the GMO soy oil industry is taking a massive hit. Soy oil is the most popular cooking oil in China — or at least it was the most popular cooking oil. As the nation’s shoppers grow more savvy, fewer and fewer of them are putting GMO products on their grocery lists.
Soy oil sales account for approximately 36 percent of all cooking oil sales in China. Estimates suggest that soy oil is used in Chinese kitchens at a rate three times higher than the next most popular cooking oil. Most soy oil is made using GMO soybeans that are imported. But as time trudges on, consumers are realizing that GMOs may not be as safe as they’ve been purported to be.’
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