Origin Agritech Ltd. (SEED) announced it has received the Bio-safety Certificate from the Ministry of Agriculture as a final approval for commercial approval of genetically modified phytase corn.
The company noted that its phytase corn is the first transgenic corn to officially introduce the next generation of corn product approved and sold commercially into the domestic marketplace.
Phytase transgenic corn will allow animal feed producers the ability to eliminate purchasing phytase and corn separately. The company stated that its GMO phytase-producing corn is expected to reduce the need for inorganic phosphate supplements as animals will directly absorb more phosphate from their feed, reducing animal feed's high cost.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.