The Philippines Department of Agriculture's Bureau of Plant Industry has given commercial approval to Roundup Ready Corn developed by Monsanto Company.

"The new approval in the Philippines indicates that countries around the world continue to recognize the safety and benefits of agricultural biotechnology products," said Brett Begemann, Executive Vice President of International Commercial for Monsanto.

The approval comes after a four-year process under the strict supervision and oversight of the National Committee on Biosafety of the Philippines (NCBP) and agencies of the Department of Agriculture.

Roundup Ready Corn is Monsanto Philippines' second biotech crop approval. In December 2002, YieldGard Corn Borer insect-protected corn was approved for propagation, which set a milestone for Philippine agriculture as the first biotech food crop approved in Asia. Yieldgard Corn Borer corn was planted on 54,000 hectares (133,000 acres) in 2004, benefiting mostly small-holder Filipino farmers.

Source: Company Release