NEWS
Monsanto Suspends Brazil Soy Royalties
Alastair Stewart South America Correspondent
Thu Feb 28, 2013 11:20 AM CST

SAO PAULO, Brazil (DTN) -- Biotech giant Monsanto late Tuesday announced it would suspend the collection of royalties on first-generation Roundup Ready soybeans (RR1) 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 ...

Quick View
  • Crop Tech Corner In this week's Crop Tech Corner, researchers produce orange-colored corn with sight-saving capabi...
  • Strong Immunity Wins Two weeks after calving, cows lose body condition. But if she is short on nutrients, too, that dr...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Klinefelter: By the Numbers Farm lenders should halt their petty rivalry and focus on agriculture's best interest: Our nation...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • GOP Picks Conaway as House Ag Chairman The House Republican Steering Committee on Tuesday selected Rep. Michael Conaway, R-Texas, as the...
  • Head Start A Pennsylvania teen has two years of a farm-to-fork business under his belt and is looking to exp...
  • Woodbury: Farm Family Business One of the world's wealthiest families measures success not in dollars but in authenticity.
  • Ask the Vet A warning about bull breeding soundness.
Related News Stories
DTN South America Calling Blog
South America Calling
Brazil Soy Planting Catches Up
Brazil Soy Planting Accelerates
South America Calling
South America Calling
Soy Delays to Strain Brazil Logistics
Brazil Soy Planting Progresses
South America Calling