News section

home  |  news  |  forum  |  job market  |  calendar  |  yellow pages  |  advertise on SeedQuest  |  contact us 

 

Monsanto obtains transitory agreement on GM soybean seeds royalties in South America
South America
May 3, 2005

Source: El Cronista via Checkbiotech

Monsanto has reached a transitory agreement to receive the claimed royalties on the use of transgenic soybean seeds in South America.

A meeting of agricultural authorities from Argentina, Brazil, Paraguay and Uruguay have agreed with Monsanto to pay a compensation for the harvested soybean seeds, not actual royalties. The transitory agreement is valid only for Paraguay and Brazil, countries which have not legalized GMOs agriculture.

These countries, together with Chile and Bolivia are members of the CAS (South Cone Agricultural Group) which is to accept private agreements between farmers for Brazil and Paraguay and Monsanto.

As the transgenic agriculture is regulated the compensation would turn into a royalty, to be collected in the moment of the seeds purchasing.

El Cronista via Checkbiotech

Other news from this source

12,170

Back to main news page

The news release or news item on this page is copyright © 2005 by the organization where it originated.
The content of the SeedQuest website is copyright © 1992-2005 by SeedQuest - All rights reserved
Fair Use Notice