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Monsanto to fund new Brazil GMO (genetically modified organism)

Monsanto is to invest $28 million in Brazil over the next five years to develop genetically modified soybeans. The money will fund development of soybean lines combining Bt resistance against soybean loopers (Anticarsia gemmatalis) and Roundup RReady2Yield glyphosate tolerance traits. The technology is the first to be developed for markets outside the US, focusing exclusively on South America, Monsanto says.



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