Monsanto gains ground in Latin America
The speed of regulatory approvals for genetically modified crops in Brazil and Argentina is driving rapid trait penetration by Monsanto in these countries. The market penetration of Monsanto’s GM maize lines in Brazil has gone from zero to 50% in three years, says Kerry Preete, Monsanto’s senior vice-president for global strategy. That is the fastest adoption rate seen in any country, he adds. Mr Preete was speaking at the Credit Suisse Chemical and Ag Science Conference in New York this month.