Faced with widespread concerns in Europe over its genetically modified foods, US agro-chemicals giant Monsanto said Thursday it was giving up on plans to grow new GM crops in the EU, which has held up approval for years.
Activists rip open bags of MON 810 GM maize at a Monsanto site in Trebes near Carcassonne, France, January 23, 2012. US agro-chemicals giant Monsanto said Thursday it will drop all requests to be allowed to grow new genetically modified foods in the European Union, which has for years held up approval.
"We will no longer be pursuing approvals for cultivation of new biotech crops in Europe," Monsanto said, adding that it would now focus on its conventional seeds business.
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