Biotech Soybeans Move Closer To Brazilian Commercialization
Monsanto's Bt Roundup Ready 2 Yield soybean product has moved closer toward commercialization in Brazil.
August 23, 2010
The National Technical Biosafety Committee has approved Monsanto's Bt Roundup Ready 2 Yield 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," says 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.