NEWS
Monsanto, Brazil Farms Ink Royalty Pact
Alastair Stewart South America Correspondent
Wed Jan 23, 2013 05:09 PM CST

SAO PAULO, Brazil (DTN) -- Biotech giant Monsanto and Brazilian farm groups Wednesday announced an agreement that ends a dispute over royalties on first-generation Roundup Ready soybeans (RR1) and establishes rules for the introduction of second-generation Intacta RR2 Pro soybean seeds.

But groups in Mato Grosso, Brazil's No. 1 soy state, refused to sign and vowed to continue to fight the St. Louis-based company in the courts.

Brazil's National Agriculture Confederation (CNA) and farm groups from 10 states, representing 70% of soybean output, accepted Monsanto's proposal, under which the company suspends royalties on RR1 beans for this season and next. ...

Quick View
Related News Stories
Crop Tech Corner
ADM Mulls Selling Some Ethanol Plants
Biotech Regs Proposed
Syngenta Sanctions Sale
China Approves Dicamba
Chinese Citizen Steals High-Tech Seeds
GMO Corn May Already Be in China
Going Generic
Crop Tech Corner
Crop Tech Corner