|August 3, 2004, as reported
by just-food.com: Increased demand for potato products, especially
French fries has left China with a potato shortage. To deal with the
scarcity Chinese farmers will have the option of a new bioengineered
potato seed that grows vertically rather then horizontally.
The new seed, which will be provided by Canadian biotech firm,
Penn Biotech, Inc, will save space and increase yield according
to the company. Penn Biotech will ship 1.3 million pounds of bioengineered
seed potatoes to China.
Penn Biotech says its seed potato could cut China’s potato
growing cycle from three years to two and help satisfy the appetite
of the world’s largest potato market. It expects to generate
its first revenues in 2005, once the seed potatoes planted in three
sites in China are deemed suitable for consumption.