Victory: Monsanto drops GE Wheat

Thanks to years of pressure from environmental groups, the consumers, our cyberactivists and Greenpeace, today we can annnounce a victory for the environment following the announcement by Monsanto that they would suspend further development or open field trials of its genetically engineered, Roundup Ready wheat.

"This is a victory for the environment, farmers and consumers," said Pat Venditti, our GE campaigner in Canada. "Strong rejection of GE wheat from virtually every corner of the globe once again showed the resistance to GE foods."

Monsanto announced today that they will defer all further efforts to introduce Roundup Ready wheat, and that they will discontinue breeding and field level research of the crop. This follows a similar announcement in 2003 when the company announced its withdrawal from the development of pharmaceutical crops.

"Let's hope GE wheat permanently joins GE flax, GE tomatoes and GE potatoes in the dustbin of bad ideas. Rather than having to restage this battle in four years time, we hope that Monsanto has heard loud and clear that genetically engineered wheat is a non-starter," continued Mr. Venditti. "The Canadian Government should make a note of this and re-think its devotion to this unnecessary technology."

According to the Canadian Wheat Board 87 percent of Canadian wheat buyers now require non-GE certification of wheat. In a survey of countries willing to accept GE wheat by the US Department of Agriculture, only four - Peru, Sri Lanka, Pakistan and Yemen - said they would buy it.

Our GE team leader Dan Hindsgaul added: "Last year Monsanto dropped GE pharmaceutical crops and now they have chosen to write off huge investments in developing Roundup Ready GE wheat. Consumers and farmers have long lost confidence in the company that also gave us pesticides, PCBs, Agent Orange and GE growth hormones for cattle. It's only a matter of time when Monsanto also lose the backing they have enjoyed in certain government offices and among financial analysts."

Find Out More:

- Read Monsanto's announcement at www.monsanto.com

- Read about Monsanto withdrawing its European cereal and seed business

- Read our story: Monsanto Investors Face Catastrophic Risk

- Read our brief on: Monsanto & Genetic Engineering - Risks for Investors (Exec summary)

- Read our indepth brief about the dangers of GE Wheat - Visit the Canadian site to find out more about the Canadian situation

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