Monsanto Co.’s Roundup Ready 2 Yield Soybeans have received the European Union’s regulatory approval for importation.
This approval follows the European Food Safety Authority’s positive scientific opinion in July concluding Roundup Ready 2 Yield is safe for import as food and feed. The European Union imports accounted for approximately 10 percent of U.S. soybean exports in 2007, making it a significant purchaser of U.S. soybeans.
Monsanto’s Roundup Ready 2 Yield soybeans will be introduced on 1 million to 2 million U.S. 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 U.S. acres scheduled for 2010.
Roundup Ready 2 Yield soybeans have been approved as safe for food and feed in 10 countries and regions — the United States, Australia, Canada, China, the European Union, Japan, Mexico, New Zealand, the Philippines, and Taiwan. These countries and regions import the vast majority of U.S. soybean exports, providing U.S. growers access to a broad market for their grain.
(Source: Monsanto Co.)