Monsanto issues Intacta soy price in Brazil
The deal between Brazilian soybean growers and Monsanto for payments on its new genetically modified soybean technology includes a fee of R$2 (US$0.95) per bag, national media report. An agreement was recently reached for use of the company’s GM glyphosate-tolerant and insect-resistant Intacta RR2 Pro (MON87701xMON89788) soybeans ( Agrow No 657, p 2). The charge will be some R$115 (US$55) per ha, the company told newspaper Gazeta do Povo. The price of Roundup Ready 1 soybeans will continue at R$20 (US$9) per ha, with the five-times higher cost for the new technology reflecting the increased rewards from its use, Monsanto reportedly adds. It reportedly claims testing has shown “an increase of [almost] 6.6 bags per ha” greater yield from Intacta soybeans “against other soybeans”. A dispute led to an injunction against further royalty payments on the first-generation technology, but the courts have since ruled that payments be made into an escrow account ( Agrow No 654, p 13). Monsanto anticipates that it will receive Chinese import approval in time for a Brazilian launch of the product in autumn 2013 ( Agrow No 656, pp 4-5).