Way to go Europe … for now at least:
Biotechnology giant Monsanto is scrapping plans to win approval to grow new types of genetically modified crops in the European Union.
It says the move is due to the lack of prospects for cultivation in the EU.
Monsanto produces GM crops and agro-chemicals which are in wide use in the US and in other parts of the world.
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The Monsanto decision related to pending requests to grow genetically modified maize, soybean and sugar beet.
It comes just days after the EU began talks with the US on a wide-ranging trade deal, with agriculture likely to be one of the toughest issues.
The company said it would now concentrate on growing its conventional seeds business in Europe.
