Monsanto Gains Regulatory Approval for Two New Products

Monsanto’s Roundup Ready 2 Yield soybean has received regulatory approval in Mexico, Australia, and New Zealand. In addition, the European Food Safety Authority has released a positive scientific opinion saying that the herbicide tolerant soybeans are safe for import as food and feed. Monsanto says that the GM soybean lines will be introduced on 1 million to 2 million acres for the 2009 season as part of a controlled commercial release, followed by a large-scale product launch of 5 million to 6 million acres scheduled for 2010. Currently, Roundup Ready 2 Yield is approved in the United States, Canada, Mexico, Taiwan, Japan, the Philippines, Australia and New Zealand. The company has also gained U.S. approval for its new insect protection trait MON 89034. The Bt trait will be stacked with the Roundup Ready trait to be sold as... [read full story]