In a world that has been divided on the use of genetically
modified organisms (GMOs) in food products, the alleged presence
of GMOs in wheat grown in Oregon, U.S., has brought about
significant alterations to the import-export of wheat
GMOs are used in farming to make the crops resistant to pests
and other insects capable of harming the plants and also to
improve farmers' efficiency. However, the use of these chemicals
varies from country to country, with a few approving the same.
Reportedly, subsequent to the allegations, countries like Japan,
Taiwan and some of the other European Commission members have
started a check on wheat imports from the U.S.
Two days ago, the U.S. Department of Agriculture (USDA) and
Animal and Plant Health Inspection Service (APHIS) revealed the
presence of genetically engineered wheat plants in one of the
farm lands in Oregon. Per the USDA, the chemical resembles the
Roundup Ready wheat technology developed by the agricultural
Per the company, the technology was developed and tested with
permission in 16 states from 1998 to 2005. However, the same has
been stopped since, and the technology was never put to
commercial usage as the farmers did not accept its usage in
wheat. To Monsanto, this is 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
Monsanto also divulged that in case the allegations prove to
be true, there would be no food, feed or environmental safety
concerns associated with the trait. The final results of the test
have not been released yet, since many more tests are being
performed on the crop.
Monsanto currently carries a Zacks Rank #3 (Hold). Other
stocks worth a look in the chemicals industry are
American Vanguard Corp.
OM Group Inc.
); each carrying a Zacks Rank #1 (Strong Buy), while,
) carries 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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