NEWS
Monsanto Suspends Brazil Soy Royalties
Alastair Stewart South America Correspondent
Tue Feb 26, 2013 04:51 PM CST

SAO PAULO, Brazil (DTN) -- Biotech giant Monsanto late Tuesday announced it would suspend the collection of royalties on first-generation Roundup Ready (RR1) soybeans in Brazil until the country's highest court rules definitively on whether the company has the right to charge.

The decision comes after Brazil's top appeals court last week rejected a Monsanto request to correct the 2010 expiry date on the local RR1 patent, extending it to 2014 in line with the international patent.

There are concurrent cases on whether the local or international patent should hold sway here. Amid the legal uncertainty, Monsanto will wait for ...

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