Monsanto To Withold 2nd Generation Bt From China?

Avatar for Matt Hopkins By Scott C. Lucas|18 March 2007

According to the company, Monsanto is prepared to transfer the next generation transgenic technology to India. The company’s Jerry Steiner, executive vice president, was quoted in the article as saying, "We had transferred our first generation Bt cotton technology to China and had a bad experience. That country has no respect for intellectual property rights. We are ready to transfer our next generation transgenic technology to India."

Steiner also said that Monsanto is busy developing new transgenic traits of three key crops — corn, soybeans and cotton — which will be developed for drought resistance to ensure higher, more stable yields in rainfed areas.