Posted 14 July 2009. PMN Crop News.
Monsanto Completes Regulatory Submissions in Brazil for First Biotech Insect-Protected Soybean Technology
Product will offer farmers latest yield enhancing technology with Roundup Ready 2 Yield along with an in-seed option to further combat yield robbing insects
Source: Monsanto Press Release. www.monsanto.com
St. Louis, Missouri (June 22, 2009)--Monsanto Company announced today that it has completed regulatory submission in Brazil for its insect-protected Roundup Ready 2 Yield™ soybeans. The stacked trait product provides both protection from feeding damage caused by lepidopteran insect pests in Brazil and tolerance to Roundup® agricultural herbicides. This is the first biotech insect-protected product in soybeans and Monsanto's first biotech product targeted primarily at a market outside the United States.
The company expects to commercialize Bt Roundup Ready 2 Yield ™ soybeans in Brazil in the early to middle part of the next decade pending global regulatory approvals. Submissions to the U.S. Department of Agriculture and the U.S. Food and Drug Administration have also been completed. Submissions to the U.S. Environmental Protection Agency and key import markets will occur over the next several months.
"We expect this product to provide a step change for Brazilian soybean farmers by protecting against insects that cause significant economic loss combined with the increased yield provided by the Roundup Ready 2 Yield trait, which was introduced commercially this year in the United States," said Roy Fuchs, oilseed technology lead for Monsanto. "Better insect control can help reduce pesticide applications and offer farmers yield protection, thus helping agriculture meet the food, fuel and fiber needs of a growing population."
Bt Roundup Ready 2 Yield soybeans are in Phase 3 of development, which includes trait integration, field testing and regulatory data generation. Insect-protected soybeans use the same Bt technology widely adopted in corn and cotton to control lepidopteran insect pests. The benefit from better insect protection will further add value to the increased yield provided by Roundup Ready 2 Yield soybeans.
Currently, farmers in key soybean growing regions of the U.S. do not consistently face insect-pressure from lepidopteran pests.
This product is a high-impact technology in Monsanto's R&D pipeline with a projected value in 2020 to be $300 million-$500 million. This product represents the first of several technologies the company plans to offer farmers in other world areas - all aimed at helping to address the needs of farmers in their geography.
Roundup and Roundup Ready 2 Yield are registered trademarks of Monsanto Company.