South America Calling
Alastair Stewart South America Correspondent
Tue Dec 16, 2014 02:43 PM CST

With harvest just one month away, U.S. biotech giant Monsanto and the majority of Brazilian soy purchasers remain in dispute over the collection of royalties on Intacta RR2 Pro soybeans.

The St. Louis-based seed firm wants soybean crushers and exporters to collect royalties on its new genetically engineered soybean technology, which is present in 20% to 25% of the current crop.

Back in September, the two parties reached a framework agreement for buyer collection but there is a deadlock over fees, Carlo Lovatelli, president of the Brazilian Soy Industry Association (Abiove) said Tuesday.

He explained that Monsanto is negotiating with ...

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