NEWS
Brazil RR Royalties Resolved
Alastair Stewart South America Correspondent
Fri Aug 9, 2013 03:42 PM CDT

SAO PAULO, Brazil (DTN) -- Aprosoja will drop a lawsuit challenging the right of biotech giant Monsanto to charge royalties on first-generation Roundup Ready (RR1) soybeans in return for a discount on royalties for the new Intacta RR2 Pro seeds.

The announcement was made in a new release Friday. Aprosoja is the association of soybean producers in Mato Grosso, Brazil's largest soy-producing state.

The decision closes a long, often fractious, dispute over Roundup Ready royalties in Brazil and smooths the way for the launch of Monsanto's new stacked, insect-resistant Intacta RR2 soy technology in the upcoming 2013-14 season.

An assembly ...

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