Philippines approves first GMO crop - Monsanto
Date: 09-Dec-02
Country: PHILIPPINES
Monsanto (MON.N) said it expected Filipino farmers to begin planting the corn variety, called YieldGard Corn Borer, over the next few months.
"This approval in the Philippines demonstrates that both farmers and government regulators recognize the safety and benefits of plant biotechnology, which is why use of these technologies continues to expand throughout the world," Robb Fraley, Monsanto's chief technology officer, said in a statement.
The company said the approval, signed on Wednesday by the Philippines' Department of Agriculture, was based in part on local field trial results that demonstrated increased yield and reduced need for insecticides.
