Market Buzz
Bayer CropScience & BASF India could see positive momentum as Govt. likely to pass Food Safety and Standards (Genetically Modified or Engineered Foods) Regulations, 2021 in the coming Budget session which can pave the way for use of GM seeds in production of Edible Oils. GM seeds allow growers to increase output and reduce unit costs. Lower Edible oil prices could be negative for Ruchi Soya & Adani Wilmar.
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