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Showing posts with label GM corn. Show all posts
Showing posts with label GM corn. Show all posts

Saturday, November 6, 2010

China quarantine bureau rejects U.S. GMO corn cargo

Niu Shuping and Tom Miles
Reuters

China's quarantine bureau confirmed on Tuesday it had discovered traces of an unapproved genetically modified organism (GMO) in a U.S. corn cargo and had refused it entry into China.

"A genetically-modified element which is not approved by the Agriculture Ministry has been identified in the cargo and according to the relevant State Council regulation, the cargo will be returned," an official with the Shenzhen Entry-Exit Inspection and Quarantine Bureau told Reuters, confirming an earlier Reuters report.

The official declined to identify the buyer of the cargo, but said the unapproved GMO strain was MON89034.

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Friday, October 8, 2010

Laughable Propaganda: GM Corn Helps Nearby Fields, Study

Julie Steenhuysen
Reuters

Corn that is genetically modified to resist pests benefits neighboring crops as well, U.S. researchers said Thursday.

They said Midwestern states that planted corn genetically modified to make a toxin that fights off European corn borer moths has dramatically cut the $1 billion in annual losses from the pest, even preserving crops that have not been altered.

"This study is the first to estimate the value of area-wide pest suppression from transgenic crops and the subsequent benefit to growers of non-transgenic crops," said Paul Mitchell, a University of Wisconsin-Madison agricultural economist who worked on the study published in the journal Science.


While supporters see genetically modified crops, or GMOs (genetically modified organisms), as a way to meet increasing global food demands, GM foods can be deeply controversial.

Some detractors call them "Frankenfoods," and many governments, including Japan, Kenya and the European Union, ban them entirely. The United States allows GMOs.

 
Commercial GM planting in Europe last year covered less than 100,000 hectares (247,100 acres), mostly in Spain, compared with 134 million hectares (331 million acres) globally.

Earlier cost-benefit studies have looked only at the effect on the genetically modified corn itself, but the study, led by William Hutchison of the University of Minnesota, shows the wider impact caused by crops modified to make their own insecticide -- the toxin made by soil bacterium Bacillus thuringiensis, or Bt.

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RELATED ARTICLE:
Food Fascism in the Land of the Free

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Wednesday, October 6, 2010

After Growth, Fortunes Turn for Monsanto

Andrew Pollack
NY Times


As recently as late December,Monsanto was named “company of the year” by Forbes magazine. Last week, the company earned a different accolade from Jim Cramer, the television stock market commentator. “This may be the worst stock of 2010,” he proclaimed.

Bags of Asgrow Roundup Ready soybean seeds sit inside a Monsanto lab in St. Louis. Monsanto, the world’s biggest seed company, plans to complete most of its $800 million stock buyback plan more than a year ahead of schedule after the shares dropped to the lowest since 2007.

Monsanto, the giant of agricultural biotechnology, has been buffeted by setbacks this year that have prompted analysts to question whether its winning streak of creating ever more expensive genetically engineered crops is coming to an end.

The company’s stock, which rose steadily over several years to peak at around $140 a share in mid-2008, closed Monday at $47.77, having fallen about 42 percent since the beginning of the year. Its earnings for the fiscal year that ended in August, which will be announced Wednesday, are expected to be well below projections made at the beginning of the year, and the company has abandoned its profit goal for 2012 as well.

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RELATED ARTICLE:
Food Fascism in the Land of the Free
Tyranny's Last Stand: The Tipping Point is Here



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