The agricultural solutions provider,
) seems determined to dissociate itself from the allegations
levelled against the company's technology. After an alleged
presence of Roundup Ready trait in wheat grown in the district of
Oregon, the company has been making every attempt possible to
help the U.S. Department of Agriculture (USDA).
Recently, Monsanto has supplied its validating test technique
to the USDA to gauge the presence of Roundup Ready in the field.
On request, the same technique has been provided to authorities
in Japan, Korea, Taiwan and the European Union.
Per Monsanto, the current techniques used to test the presence
of genetically modified organisms like dip stick tests, PCR and
strip tests can sometimes deliver ambiguous results. However, the
technology developed by Monsanto enables the tests to deliver
Monsanto has taken this step not only to deliver accurate
results but also to safeguard U.S. exports. Monsanto still
believes it highly unlikely that after a span of eight years and
approximately 500 million acres of wheat production, the Roundup
Ready trait will be observed in the farm land.
The company also reiterated that, in case the Roundup
Technology trait, technically known as the MON71800 event, is
found to be present in the field, the same should not have any
food, feed or environmental safety concerns. The
glyphosate-tolerance trait tested initially in wheat production
by the company has been in use for products like corn and soy,
among many others.
The tests are still actively taking place in various regions,
with no results confirmed yet. Although Monsanto has not been
provided with a sample of the alleged wheat trait, the company
has contacted the USDA and is willing to provide all cooperation
Monsanto currently carries a Zacks Rank #3 (Hold). Other
stocks worth a look in the chemicals industry are
American Vanguard Corp.
) carrying a Zacks Rank #1 (Strong Buy), while,
OM Group Inc.
); both carry a Zacks Rank #2 (Buy).
AMER VANGUARD (AVD): Free Stock Analysis
COSAN LTD-A (CZZ): Free Stock Analysis Report
MONSANTO CO-NEW (MON): Free Stock Analysis
OM GROUP INC (OMG): Free Stock Analysis
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