70% of China consumers avoid GMO's
"Major blow to soy industry as Chinese grow wary of GMOs
China has strict rules against GMO cultivation but permits the import of a few varieties, including soybeans ( for animal feed only).
By Ecowatch - May 2, 2017
Chinese consumers are growing increasingly wary of the products, fueling a looming crisis for the country’s lucrative soybean crushing industry as non-GMO alternatives become more popular, Reuters reported.
Sales of the nation’s primary cooking oil, soy oil – most of which is made from imported GMO soybeans – have taken a hit. According to data from Euromonitor, retail sales of soy oil fell one percent last year to 35.7 billion yuan ($5.19 billion), compared to a growth of between two and six percent for alternatives such as non-GMO soy, sunflower, peanut or sesame.
Johnny An, the supply chain director of Aramark, which services more than 60 Chinese cities, told Reuters that “non-GMO oil is gradually replacing (soy oil).”
More than half of Aramark’s customers are now asking for GMO-free oil, compared to 10-20 percent just a few years ago, An added.
A Nielsen survey last year found that 70 percent of consumers in China limit or avoid at least some GMO foods and ingredients, compared with a global average of 64 percent."
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GROWTH OF 2% to 6% annually for NON-GMO in China with 1.4 billion people IS YUUUGE!
GO YSYB!
