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Russia Bans Monsanto's (NYSE:MON) Modified Corn


A report from last week revealed that genetically modified corn caused cancer in rats.


Russia has banned the import and sale of Monsanto's (NYSE:MON) genetically modified corn after a scientific report last week revealed that the company's Roundup Ready® genetically modified corn developed cancer in both male and female rats in lab tests. Russian consumer watchdog Rospotrebnadzor administered the alert.

The study conducted by the University of Caen in France has been met with copious amounts of criticism from both Monsanto and many specialists in the science and nutrition fields. A Monsanto statement following the published results stated that the study did not meet acceptable standards regarding scientific research and the findings were not supported by the data presented.

London-based Science Media Centre, an independent group, posted comments saying the sample size was too small and the data was incomplete. Other criticisms state that the study was poorly designed and omits crucial details.

Monsanto believes that the impact on the ban will be miniscule due to Russia being such a large exporter of grain and that the act is just a "temporary suspension" that will not yield any disastrous results. The French government has also reportedly instituted a review of the study to decide near-term whether a ban should be instituted in France as well.

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