Farmers in developing nations will sow more biotech crops than those in the industrialized world for the first time this year, with Brazil leading the charge, according to a report issued on Tuesday that showed steady growth in the use of genetically modified seeds.
Use in developing nations continued to grow faster than in the United States, still the biggest market by a wide margin. GMO area in developing countries rose by 11 percent or 8.2 million hectares. Growth in the United States, which grows about 43 percent of the world's GMO crops, slowed to 3 percent.
(A full copy of the report can be found here: www.isaaa.org.)
Biotech crops were planted by 16.7 million farmers in 29 countries, up from 15.4 million farmers in the same number of countries in 2010, according to the ISAAA.
The global value of biotech seed alone was $13.2 billion in 2011, with the end product of commercial grain from biotech maize, soybean grain and cotton valued at $160 billion or more per year, according to the ISAAA.
For more, see: Developing nations to lead in biotech crops-report