Monsanto is Back to Force Genetically Engineered Wheat Down Your Throat
Five years after shelving plans for biotech wheat, Monsanto is re-entering the wheat business with the purchase of a Montana seed company, OrganicConsumers reports.
Accrding to ths site, Creve Coeur-based Monsanto, the biggest seller of genetically modified seed, agreed to pay $45 million for WestBred LLC and could introduce new wheat varieties within a few years.
WestBred specializes in wheat germplasm, the seed's genetic material. The size of the deal isn't significant for a company such as Monsanto, whose annual sales exceed $10 billion.
But the company's return to a market it abruptly exited in 2004 is noteworthy, especially at a time when demand for wheat to make breads and pasta is growing.
The statement comes as Monsanto looks to its seed business as sales of Roundup herbicide are declining at a faster-than-expected pace because of increased global competition.
http://www.organicconsumers.org/articles/article_18562.cfm