Bloomberg
Monsanto Co. (MON) opponents who want to block genetically modified foods are guilty of “elitism” that’s fanned by social media and fail to consider the needs of the rest of the world, Chief Executive Officer Hugh Grant said.
The global population is growing and food consumption will rise even faster as people enter the middle class and eat more protein, the head of the world’s largest seed maker said in an interview. Those who can pay more for organic food want to block others from choosing more affordable options, Grant said.
“There is this strange kind of reverse elitism: If I’m going to do this, then everything else shouldn’t exist,” Grant said at Monsanto’s St. Louis headquarters yesterday. “There is space in the supermarket shelf for all of us.”
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