US giant Monsanto drops bid to grow new GM foods in EU

US agro-chemicals giant Monsanto said Thursday it will drop all requests to be allowed to grow new genetically modified foods in the European Union, which has for years held up approval.

"We will no longer be pursuing approvals for cultivation of new biotech crops in Europe," Monsanto said, adding that it would now focus on its conventional seeds business and enabling imports of such products into the region.

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