On the Street -- Monsanto GM Oil Gets FDA OK

November 6/The Grocer -- The first GM product claimed to benefit consumer health was approved by the U.S. Food and Drug Administration.

The genetically modified soya oil, which was produced by GM food giant Monsanto, contains omega-3 and aims to provide a cheaper and more plentiful source of the fatty acid for supplements, margarine and ready meals, said the company.

"We can now open the door to a whole new way of delivering omega-3s in the diet through food," said chief technology officer Robb Fraley.

Previous GM products have provided higher yields or other economic benefits, but not health benefits. The FDA's green light came ahead of expectations the oil was not expected to hit the market until the 2011-12 financial year.

There is less opposition to GM in the U.S. than the United Kingdom. Major retailers in the U.K. said they had no plans to introduce GM ranges in the near future.  

From the November 9, 2009, Prepared Foods E-dition