date:Jul 22, 2013
United States agrochemicals firm Monsanto has terminated its plans to grow new types of genetically modified (GM) crops in the European Union over lack of prospects for cultivation in the region.
The company said that it will drop all the requests for growing new genetically modified foods such maize, soybean and sugar beet in the European Union.
Monsanto noted that it will focus on growing its conventional seeds business in Europe. It also plans to seek EU approval to import its genetically m