NEWS
CNA Backs Out of Monsanto Agreement
Alastair Stewart South America Correspondent
Thu Feb 21, 2013 11:34 AM CST

SAO PAULO, Brazil (DTN) -- Brazil's National Agricultural Confederation (CNA), the country's largest farm group, has backtracked on its support for a deal that Monsanto proposed to end a dispute over royalties on first-generation Roundup Ready soybeans (RR1).

The change of heart was triggered by Monsanto conditioning the deal on the reinforcement of patent rights for Intacta RR2 Pro (RR2) soybeans, which the world's No. 1 seed company hopes to introduce next season.

The news is a blow to the St. Louis biotech giant, which had hailed the bolstering of RR2 royalty rights in the world's fastest-growing soy market as ...

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