Decision Brings Brazilian Farmers Closer to Accessing Technologies and
Benefits Other Growers Have Used for More Than a Decade
ST. LOUIS, Aug. 17 /PRNewswire-FirstCall/ -- Monsanto Company (NYSE: MON) today welcomed the news that the Brazilian National Biosafety Technical Committee (CTNBio) approved the company's MON 810 insect protection event, known in the United States as YieldGard(R) Corn Borer, for future commercial use in corn in Brazil.
The regulatory process in Brazil is a multi-step process, and while other steps are still required, the Committee's decision brings the technology closer to reality for Brazilian farmers.
"We're pleased with the decision of CTNBio," said Brett Begemann, Executive Vice President of International Commercial for Monsanto Company. "While more regulatory reviews remain ahead, we can look forward to providing Brazilian farmers with access to the yield benefits of our trait technologies in combination with our higher-yield seed offerings." Begemann adds, "These same technologies have helped other growers increase their productivity and profitability for more than ten years in countries around the world, including Argentina."
CTNBio is managed by the Ministry of Science and Technology and is charged with making science-based, technical assessments of biotechnology crops including commercial conditions of use. The CTNBio approval may be followed by a review from the National Biosafety Council (CNBS) to examine social and economic factors. Following a favorable review by CNBS, and approvals of the individual MON 810 events in specific hybrid varieties, farmers will be able to plant these higher-yielding seeds.
Corn is the third most planted crop in the world and Brazil ranks third in the world based on harvested area.
Corn hybrids that include the MON 810 event express a naturally
occurring protein called Bacillus thuringiensis, or Bt, that helps the corn
plant protect itself from f
|SOURCE Monsanto Company|
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