Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


World's biggest GE company pulls out of Europe

World's biggest GE company pulls out of Europe

In a major development signalling a further decline in global GE prospects, the world's biggest biotechnology company Monsanto has announced it is pulling out of developing wheat and barley for the European market, Green Co-leader Jeanette Fitzsimons said today.

The company has also announced it will slash its global workforce by 7 to 9 per cent by the end of August next year, discontinue its plant-made pharmaceuticals programme and reduce the costs associated with its Roundup herbicide business.

"This is hugely significant for New Zealand," Ms Fitzsimons said today.

"Europe is one of our biggest markets. Monsanto's move confirms how sensitive this market is. It confirms that there is no point growing GE products when one of our biggest markets doesn't want them.

"We also have to be aware that if we become a GE producer, Europe could turn its back not only on any GE products, but on all of our products, as our non-GE products stand to be tainted by association.

"It is also hugely significant that Monsanto is moving out of its plant-made pharmaceuticals programme.

"Many people don't realise that the vision for a future GE-producing New Zealand, as planned by sectors of our business and science communities, and by our Government, rests not in food products but in biopharming - the genetic engineering of food crops and animals to contain medical products including vaccines.

"Clearly Monsanto is not finding this operation profitable. This should be a warning to New Zealand," Ms Fitzsimons said.

Monsanto announced what it is calling its "mid-term strategic actions" last night our time, in tandem with its latest financial results. Go to:

The next thing to watch for, tomorrow morning our time, is the results of the British Government's farm-scale trials of GE crops. Go to:

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Tourism’s Endless Sense Of Grievance

Sad that a once in a century pandemic should have come along before the government had a clearly thought out plan for rescuing all the firms and saving all the jobs in the tourism sector. Sad that the government now looks like it was making up the criteria for support as it went along. But guess what? To some extent, they were. Possibly because in the modern era, a pandemic had never before caused international travel to evaporate almost overnight... More>>


PREFU: Economy Doing Better Than Forecast

The Pre-election Economic and Fiscal Update released today shows that the near-term economic recovery has been stronger than the Treasury and many economists predicted at the May Budget, as the economy bounced back strongly out of lockdown... More>>


PM Statement: Cabinet COVID-19 Alert Level Review

Takiri mai te ata, ka ao, ka ao, ka awatea, tihei mauriora! Tātou katoa ngā iwi o Aotearoa, tēnā koutou! Tēnā tātou e whakanuia ana i te wiki nei, te wiki o te reo Māori Greeting to you all from Otepoti, Dunedin. This week is the Māori ... More>>


Greens: $297m Fund To Support Sustainable Food And Farming

The Green Party has released its Farming for the Future Plan, including a $297m fund to support farmers and growers to transition to climate-friendly practices. The plan will: · Improve how we look after our land and water, with a levy on the ... More>>


National: Plan To Restore NZ’s Prosperity

National’s Economic and Fiscal Plan carefully balances the need to invest in infrastructure and core public services while also reducing tax pressure on Kiwi families and businesses. National Leader Judith Collins and Finance spokesperson Paul Goldsmith unveiled National’s ... More>>


NZ First: Party List

New Zealand First has a proven twenty-seven-year history of bringing balance and common sense to our government. Amid the continued setbacks of COVID-19 restrictions, New Zealand First has once again sustained its profile by selecting a strong team ... More>>

Election: Arriving Travellers In Isolation To Be Able To Vote By Telephone

Up to 5,000 people in managed isolation or quarantine will be able to vote by telephone in the general election and referendums after an amendment to electoral regulations last week. Chief Electoral Officer Alicia Wright says the Electoral Commission sought ... More>>

National: Investing In Our Children’s Future

A National Government will prioritise lifting achievement for all New Zealand children, no matter their background or ability, National Party Leader Judith Collins and National’s Education spokesperson Nicola Willis say. “Parents just want what’s best for ... More>>

Police: Numerous Arrests Following Investigation Into Historical Offending At Auckland School

Detective Senior Sergeant Geoff Baber, Auckland City Police: Police have made six arrests as part of an operation investigating historical offending at Dilworth School. Auckland City Criminal Investigation Branch have been investigating since a complaint ... More>>






InfoPages News Channels