Dow to sell Intacta soybeans in Brazil
The Brazilian competition authorities have approved Monsanto's licensing of its latest generation genetically modified soybeans to Dow AgroSciences, national media report. The Brazilian economic defence administrative council, the Cade, authorised late last month Dow’s licensing of Monsanto's insect-resistant and herbicide-tolerant Intacta RR2 Pro (MON87701xMON89788) soybeans. The non-exclusive deal was approved without restrictions and permits Dow to develop, test, produce and market the technology. The Cade conditionally approved a similar deal between Monsanto and Bayer CropScience earlier this year. Monsanto has also licensed the technology in Brazil to Syngenta, and Latin American seed businesses Coodetec (acquired by Dow), Nidera and Don Mario Sementes. Those deals included restrictions.