Costs & Benefits



"Monsanto Sees Asia Warm to Bio-Crops for Food Security"

Joyce Teo
Dow Jones
June 30, 1999

SINGAPORE -- Charles Martin, vice president for corporate communications at Monsanto Far East Ltd. was cited as telling Dow Jones Newswires that Asia is warming to genetically modified organisms in agriculture and will step up usage of such technology over the next few years, because of the need to increase yields to achieve food security.

Martin was further cited as saying that while already eating these crops, not all Asian countries are growing them, adding, Asian governments are "at various stages of refining their regulations as to what you have to do in terms of testing, the safety requirements (and) environmental requirements in order to grow these crops in the country. In the U.S., (GMO crops have) been approved for planting and in Asia, the only country that has planted GMOs is China."

The story says that at the moment, Monsanto is selling its Bacillus thuringiensis, or Bt, cotton seed only to China, the world's largest cotton producer.

Monsanto is now conducting field tests on Bt corn in China, Thailand and Indonesia, and will target the Philippines later this year, he said. Testing and obtaining approval to develop and sell the seeds will take two to three years, Martin said. Martin said that GMO crops have clear benefits for Asian nations concerned with food security. He highlighted two specific areas: lower food prices through lower production costs and reduced usage of pesticides, which are both expensive and can kill a lot of insects unnecessarily.

** NOTICE: In accordance with Title 17 U.S.C. Section 107, this material is distributed for research and educational purposes only. **



Last Updated on 7/1/99
By Karen Lutz
Email: karen@biotech-info.net

What's New?
Home
Costs & Benefits