“Ad blitz pummels support for California GMO labeling”
Activists in California are fighting to force US food companies to tell consumers if their products are made with genetically modified organisms (GMO).
It is expected that in November this campaign against the so called GMO has to decide whether to require labels on food and drinks containing GMO and show that it is made with ingredients which are modified by scientists.
If California activists approve the requirement in November by gathering sufficient votes, it will be the first time when US food processers have to label the products that have the GMOs.
The downside of this campaign that experts say, it is less likely that producers will label their products rather they are more likely to stop using the GMOs; as result it may disrupt US food production because GMO corn, soybeans, and canola have been for decades the main ingredient of most products. Therefore, it may push the food prices up.
To conclude, I think it has to do with soybean and corn prices in futures market because it might affect the market in either way that commodity prices can rally or slump down. I expect that if California voters can pass the measurement, there will be exogenous shocks in the market. Briefly, the crop prices might go down because of less demand caused by consumer’s side or vice versa.
References:
http://www.reuters.com/article/2012/10/11/us-california-gmo-idUSBRE89A1DA20121011
It’s interesting to read about GMOs. Great research! Thanks for sharing.