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Business

Monsanto Ditches GM Crops In Europe

by Alex Scott
July 29, 2013 | A version of this story appeared in Volume 91, Issue 30
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Monsanto has dropped plans to introduce new genetically modified (GM) crops in Europe. The move follows years of resistance by the European Union to GM crops and Italy’s recent decision to unilaterally ban MON810, a GM corn from Monsanto. Monsanto’s turnaround follows BASF’s decision at the start of this year to relocate its biotech R&D operations from Germany to the U.S. because of European resistance to GM crops. Monsanto says it plans to invest several hundred million dollars in conventional crop activities in Europe over the next decade.

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