ST. LOUIS, July 24 /PRNewswire-FirstCall/ -- Monsanto Company (NYSE:
MON) announced today that it has received regulatory approvals for Roundup
Ready 2 Yield(TM) soybeans in Mexico, Australia and New Zealand. In
addition, the company noted the European Food Safety Authority (EFSA) has
issued a positive scientific opinion concluding Roundup Ready 2 Yield is
safe for import as food or feed. Roundup Ready 2 Yield soybeans are the
second generation of the popular Roundup Ready(R) technology in soybeans
and offer increased yields.
"These regulatory decisions by Mexico and Europe represent significant
steps forward in delivering Roundup Ready 2 Yield soybeans to our
customers," according to Brett Begemann, Monsanto's executive vice
president of global commercial business. "Farmers have used Roundup
Ready(R) soybeans for more than 10 years to achieve unsurpassed weed
control. Roundup Ready 2 Yield soybeans have increased yields, and will
advance farmers' ability to meet the world's growing food, feed and fuel
needs."
Roundup Ready 2 Yield soybeans have now been approved in the United
States, Canada, Mexico, Taiwan, Japan, the Philippines, Australia and New
Zealand, says Jerry Hjelle, Monsanto's regulatory vice president.
"These recent approvals add to the list of countries that have reviewed
and concluded that Roundup Ready 2 Yield soybeans are safe," he explains.
"The positive EFSA opinion on safety is an important step toward gaining
approval within the European Union. Moreover, we are working diligently to
achieve regulatory clearance in other markets in anticipation of a 2009
release."
In four years of testing, Roundup Ready 2 Yield soybeans have
demonstrated a consistent yield advantage of 7 percent to 11 percent when
compared with its predecessor, Roundup Ready soybeans. The four-year
average yield increase of Roundup Ready 2 Yield over its first-generation
counterpart was 9 percent.
Monsanto's Roundup Ready 2 Yield soybeans 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.
About Monsanto Company
Monsanto Company is a leading global provider of technology-based
solutions and agricultural products that improve farm productivity and food
quality. For more information on Monsanto, see: http://www.monsanto.com.
Note to editors: Roundup Ready 2 Yield is a trademark of Monsanto
Company and its wholly owned subsidiaries.
SOURCE Monsanto Company
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Related links:
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CONTACT:
media, Janice Person, +1-901-375-5656; or
analyst, Scarlett Foster, +1-314-694-8148, both for Monsanto
Company
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