Counterfeit seed products impact growth industry

By Editha Hechanova, Hechanova & Co
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The most counterfeited products are fashion goods, electronics, drugs, auto and aerospace parts, to name a few. Now even the seeds, particularly of genetically modified (GM) crops such as yellow corn (Bt corn) are being counterfeited by the unauthorized incorporation of proprietary biotech traits as registered with the Bureau of Plant Industry (BPI), into corn hybrids.

Bt corn is the only GM crop currently grown in the Philippines since 2003, after its approval for commercialization in 2002. The Philippines ranked as the top grower of biotech or GM crops in Southeast Asia and 12th-biggest producer globally in 2016.

Editha-Hechanova-Hechanova-&-Co-2
Editha Hechanova
Hechanova & Co

The farm-level economic benefits of planting Bt corn in the Philippines from 2002 to 2016 was estimated to have reached US$724 million, and has benefited about 406,000 farmers and their families by an increase in yields due to being resistant to insect pests and weeds, and reduced production costs.

The BPI authorized Monsanto, Syngenta, Pioneer, Bioseed and Advanta to commercialize these GM corn hybrids. For the past few years, however, an increase in counterfeit seeds has been observed, and in 2017, the Bt corn cultivation decreased by 21% over 2016 figures.

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EDITHA HECHANOVA is the president and CEO of Hechanova & Co and managing partner of Hechanova Bugay Vilchez & Andaya-Racadio

Hechanova Group

Hechanova & Co

Ground Floor, Salustiana D Ty Tower,

104 Paseo de Roxas corner Perea Street,

Legaspi Village, Makati City,

Philippines 1229

www.hechanova.com.ph

Contact details:

Tel: +63 2888 4293

Email: mail@hechanova.com.ph

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