Monsanto buys minority stake in InterGrain
Monsanto has acquired a 19.9% stake in the Australian cereal seed company, InterGrain (Kensington, Western Australia). The companies have agreed to exchange certain wheat germplasm, with InterGrain gaining access to breeding tools and services for genotyping and marker development. In the longer term, the Australian firm will gain access to biotechnology traits being developed for wheat, which are expected to be introduced in the next decade. InterGrain varieties account for 40-45% of the Australian wheat area, the company claims.