News

2013-06-14 |

Monsanto eyes spring launch in South America for new patented GM soy seeds

Biotechnology company Monsanto Co. plans to debut its second-generation of genetically modified soybean seeds in its key South American market during the next growing season. [...] With the patents on its first-generation seeds set to expire next year, Monsanto is pinning its hopes on new seeds that combine glyphosate resistance with defenses against insects. Monsanto plans to sell just 200,000 bags of its new Roundup Ready 2 soybean seeds in the region for the upcoming 2012-13 season, but expects 60%-65% of South America’s soybean fields to be planted with the seeds within five years, Pablo Vaquero, vice president of Monsanto Argentina and director of corporate affairs for Southern Latin America, said in an interview Tuesday.