Following the European Food Safety Authority's positive scientific opinion in July that concluded Roundup Ready 2 Yield soybeans are safe for import as food and feed, the European Union has granted regulatory approval for importation.
Roundup Ready 2 Yield is the next generation of the glyphosate tolerant technology that offers the same effective weed control, simplicity and flexibility benefits of the Roundup Ready system and significantly increases soybean yield potential.
"The European Union regulatory approval demonstrates the growing acceptance of Roundup Ready 2 Yield soybeans throughout the world," said Brett Begemann, Monsanto's executive vice president of global commercial business. "As we look to deliver on our commitment to double yield by 2030, Roundup Ready 2 Yield is critical. This trait is important not only for its weed control and yield benefits, but because it serves as the platform for future soybean technologies that will deliver additional value to farmers and others."
The European Union imports accounted for approximately 10% of U.S. soybean exports in 2007, making its approval important for ensuring successful biotechnology product launches, as they allow U.S. farmers to more broadly market their grain. The EU is the tenth country or region that has given regulatory approval for importation of Roundup Ready 2 Yield soybeans.
Roundup Ready 2 Yield soybeans have averaged a yield increase of 9% over their first generation counterparts during the last four years of testing. A controlled commercial release of the technology will be held for one to two million U.S. acres in 2009. A large scale product launch is scheduled for 2010.