Monsanto upbeat on Argentine GM soy deal
Monsanto is confident of sealing a deal in Argentina for payment for use of its genetically modified soybeans, Dow Jones newswire reports. It is seeking a royalty-paying deal to introduce its second-generation glyphosate-tolerant Roundup Ready soybeans “soon”, the company reportedly says. More than half of growers in Argentina have agreed in writing to pay for GM soybean technology once their harvest is delivered to grain handlers ( Agrow No 625, p 3). That helped advance talks on establishing a payment system with the government and grain handlers. The company has delayed the introduction of its Roundup Ready 2 Yield soybeans in Argentina, following protracted disputes over non-payment for its Roundup Ready technology in the country ( Agrow passim). It agreed payment for technology deals directly with some farmers at the start of the year ( Agrow No 607, p 21). There are no patent rights available for GM soybeans in Argentina.