Nation poised to import more GMO products

China's recent move to allow imports of genetically modified Argentine corn could be a sign that the country is ready to buy more GMO food products from the global market.

Argentina's Ministry of Agriculture said on Wednesday that China's General Administration of Quality Supervision, Inspection and Quarantine cleared 60,000 metric tons of GMO Argentine corn, which will be processed as chicken and hog feed.

The first shipment of Argentine GMO corn entered China on Friday. The corn was exported by Bunge Ltd's Argentina branch and imported by COFCO, China's largest grain trader, after orders from two animal feed processors in southern China.