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Monsanto rejects CanaVialis sale reports

Monsanto has rejected a major newspaper’s report in Brazil linking it with the sale of a stake in its sugar cane developer subsidiary CanaVialis (Campinas). "Monsanto has not put CanaVialis up for sale," it told Agrow. "The company is always open to possibilities that allow it to speed up the process of innovation and we maintain various partnerships with technology-based companies in Brazil and our strategy with [sugar] cane fits with this."  Monsanto opened a research facility in Brazil earlier this year initially to focus on maize, and later to incorporate sugar cane (Agrow No 660, p 7). It has four sugar cane varieties on the market, and claims to have a strong pipeline, including a genetically modified line in "phase two" of development.

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