Fifteen Monsanto biotech products were among those 26 included in the European Commission's announcement allowing the continued use of specific biotech traits in processed feed products shipped to the European Union. Importantly, today's announcement allows the routine importation of processed feed (including corn gluten feed certified to be free of Syngenta's Bt10 trait) to continue uninterrupted, providing many farmers with additional grain marketing options for these widely-planted products.

In all, the European Commission's list includes 26 "existing products" that may continue to be marketed because they fulfilled the notification requirements under Regulation (EC) No 1829/2003. Today's decision means these products may continue to be marketed legally in processed feeds, including corn gluten feed, which is the primary use of U.S. corn products exported to the EU.

The EU's action on these biotech products should result in additional marketing options for farmers who grow biotech grain, as some corn refiners may be able to expand their grain buying to include the biotech traits listed today, if those refiners do not send corn-based food ingredients to EU markets. In addition to today's announcement on the continuation of processed feed imports, Monsanto's Roundup Ready Corn 2 and YieldGard Corn Borer products have already received EU food approvals. Food approvals for other Monsanto corn products marketed in the United States are pending in the EU regulatory process.

Source: Company Release