Roundup Ready 2 Yield soybeans approved in China

by Eric Schroeder
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ST. LOUIS — Monsanto Co. on Thursday said it has received regulatory approval to import Roundup Ready 2 Yield soybeans to China, the largest purchaser of U.S. soybeans. The regulatory approval was seen as welcome news by U.S. soybean producers. "Last year China purchased more than $4 billion worth of soybeans from the United States, and as the standard of living continues to rise for the Chinese, so will the demand for our soybeans," said Johnny Dodson, a soybean producer from Halls, Tenn., and first vice-president of the American Soybean Association. "Roundup Ready 2 Yield soybeans are one of the key technologies that are going to help U.S. farmers meet the world’s growing demand for food, feed and fuel made from U.S. soybeans." Monsanto said the soybeans will be introduced on 1 million to 2 million acres for the 2009 season as part of a controlled commercial release, followed by a large-scale product launch of 5 million to 6 million acres scheduled for 2010. In addition to China, Roundup Ready 2 Yield soybeans are approved as safe for food and feed in the United States, Canada, Mexico, Taiwan, Japan, the Philippines, Australia and New Zealand.

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