Monsanto Backs Off Bio-Wheat

11:42 AM May. 10, 2004 PT
KANSAS CITY, Mo. — Monsanto on Monday said it was suspending plans to introduce what would be the world’s first biotech wheat, a product that has generated concerns around the world about scientific tinkering with a key food crop.

Monsanto, whose shares moved lower Monday morning, said it had reached the decision after "extensive consultation" with customers in the wheat industry, and would continue to monitor the desire for crop improvements to determine "if and when" it might be practical to move forward.

Link Monsanto Backs Off Bio-Wheat

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