Insect-Protected Roundup Ready 2 Yield Soybeans Achieve Important Milestone Toward Commercialization in Brazil
ST. LOUIS, Aug. 20, 2010 – /PRNewswire-FirstCall/ — Monsanto Company (NYSE: MON) confirmed that at yesterday’s National Technical Biosafety Committee (CTNBio) meeting in Brazil, the committee approved Monsanto’s Bt Roundup Ready 2 YieldÃ‚® soybean product for planting in Brazil. This is an important step toward the Brazilian commercialization of the first biotechnology trait Monsanto has developed specifically for a non-U.S. market.
“This is an important product for Brazilian soybean farmers because it protects against insects that cause significant economic loss in soybean production in Brazil, and provides the increased yield provided by the Roundup Ready 2 Yield trait,” said Roy Fuchs, oilseed technology lead for Monsanto.
Submissions to key soybean export markets continue in regulatory review. The company will commercialize Bt Roundup Ready 2 Yield soybeans in Brazil upon completion of global approvals in key export markets.
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Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality. Monsanto remains focused on enabling both small-holder and large-scale farmers to produce more from their land while conserving more of our world’s natural resources such as water and energy. To learn more about our business and our commitments, please visit: www.monsanto.com. Follow our business on TwitterÃ‚® at www.twitter.com/MonsantoCo, on the company blog, Beyond the Rows at www.monsantoblog.com, or subscribe to our News Release RSS Feed.
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Certain statements contained in this release are “forward-looking statements,” such as statements concerning the company’s anticipated financial results, current and future product performance, regulatory approvals, business and financial plans and other non-historical facts. These statements are based on current expectations and currently available information. However, since these statements are based on factors that involve risks and uncertainties, the company’s actual performance and results may differ materially from those described or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, among others: continued competition in seeds, traits and agricultural chemicals; the company’s exposure to various contingencies, including those related to intellectual property protection, regulatory compliance and the speed with which approvals are received, and public acceptance of biotechnology products; the success of the company’s research and development activities; the outcomes of major lawsuits; developments related to foreign currencies and economies; successful operation of recent acquisitions; fluctuations in commodity prices; compliance with regulations affecting our manufacturing; the accuracy of the company’s estimates related to distribution inventory levels; the company’s ability to fund its short-term financing needs and to obtain payment for the products that it sells; the effect of weather conditions, natural disasters and accidents on the agriculture business or the company’s facilities; and other risks and factors detailed in the company’s most recent Form 10-K Report to the SEC. Undue reliance should not be placed on these forward-looking statements, which are current only as of the date of this release. The company disclaims any current intention or obligation to update any forward-looking statements or any of the factors that may affect actual results.
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SOURCE Monsanto Company