Argentina next week will approve the use of genetically-modified soy seeds made by German company Bayer (BAYGn.DE) as part of its push to increase farm production, a top Argentine official said on Saturday.
Bayer has welcomed the expected approval but the company has not said if or when it plans to commercialize its "Liberty Link" seed and herbicide in Argentina.
The South American country -- a top provider of soybeans, meal and oil -- has for years embraced genetically modified technology in its drive to help meet world food demand and cash in on high grains prices.
"We have decided to approve a new genetically-modified soy product and we believe that with this we are contributing to the competitiveness of the sector," Agriculture Secretary Lorenzo Basso told Reuters in a telephone interview.
"We have to see if Bayer decides to put it in the market. That depends on the company," he added.
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