Disgruntled GMO firms start pulling out of EU market

Posted on January 27, 2012 by kwc

Source: EuroActive

Monsanto has announced it will scrap plans to sell an insect-resistant maize in France, the second move in a week by biotech company to retreat from the genetically modified foods market in Europe.

Monsanto’s announcement on Tuesday (24 January) came a week after Germany’s BASF said it would suspend the development of GM crops in Europe and move its plant science arm to the United States.

BASF’s move is a particular blow for Europe, said Carel du Marchie Sarvaas, director of agricultural biotechnology at EuropaBio.

Read More: Disgruntled GMO firms start pulling out of EU market

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