"We are no longer working on lobbying for more cultivation in Europe," Brandon Mitchner a representative for Monsanto’s European branch, Tageszeitung, said in an interview set to be published on Saturday.
"Currently we do not plan to apply for the approval of new genetically modified crops. The reason is, among other things, low demand of the farmers,” he continued.
Eight national governments in the European Union have already banned Monsanto's MON810 maize and other forms of GMO cultivation in their countries under an environmental protection provision known as the 'Safeguard Clause'.
Particularly fierce protests in Germany prompted the government to introduce the measures in 2009 due to concerns that such cultivation could lead to ecological degradation. Monsanto’s rivals, such as Bayer CropScience, BASF and Syngenta, had by and large pulled out of the German market because of large-scale public opposition, the German daily reported.
Austria, Bulgaria, France, Greece, Hungary, Luxembourg and most recently Poland are among other EU member states enforcing the ban.
In April, Italy joined the ranks of EU states looking to ban the cultivation of GM crops on its soil.
The announcement comes amidst a series of recent public relations battles that have brought the US firm considerable worldwide attention.
The USDA announcement followed a massive, global "March Against Monsanto" held on Saturday that saw demonstrations against the Missouri-based firm in 52 countries.
Organizers for the global protest said around 2 million protesters showed up at rallies being held in 436 cities to protest against the seed giant and the genetically modified food.
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