The government of South Australia has lifted the moratorium on genetically modified (GM) crops beginning January 8. However, the moratorium will remain in place on Kangaroo Island.
“By lifting the GM moratorium on mainland South Australia today, we are backing our farmers and researchers to grow the state’s agriculture sector and create jobs,” said Minister for Primary Industries and Regional Development Tim Whetstone, in a press release on his website. “For 15 long years South Australia has suffered under a moratorium which has cost our grain growers real money, restricted our scientists’ ability to conduct world-leading research, and put a handbrake on our state’s economy. Lifting the moratorium will put our farmers on a level playing field with their counterparts around the country who have had access to GM technology for at least a decade.”
Whetstone went on to explain that the decision to lift the GM moratorium was made after a “high-level independent expert review, extensive industry and community consultation, and the recommendations of the GM Crop Advisory Committee.”
General Mills has reported results for the fourth quarter and fiscal year that ended May 31, 2020.
According to The Wall Street Journal, Bayer AG said it would pay up to $10.9 billion to settle tens of thousands of lawsuits with U.S. plaintiffs alleging the company’s Roundup herbicide causes cancer, a milestone in the German company’s legal battle that has been weighing down its share price for nearly two years.
According to Reuters, U.S. supermarket operator Albertsons decided to go ahead with a downsized $800 million initial public offering (IPO) on June 25, the culmination of multiple attempts by its private equity owner Cerberus Capital Management LP to cash out.
PepsiCo has published its 2019 Sustainability Report, highlighting progress toward its sustainability goals and reaffirming the company’s plan to help build a more sustainable food system.
According to Reuters, U.S. grocery retailer Albertsons has said its initial public offering would be on target to raise up to $1.32 billion.
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