Brazil
October 3, 2005
Source:
Valor Economico via
Checkbiotech
After four months of negotiations
with Brazilian soybean seeds producers,
Monsanto has struck a deal
concerning the payment of royalties of genetically modified
Roundup Ready seeds.
An umbrella royalty contract will
be used for individual contracts signed by seed companies valid
for the 2005/2006 harvest, that starts planting in October.
For the next harvests, negotiations are to be resumed through
the seeds industry association
Abrasem and Monsanto.
The deal points to royalties of R$0.88 per Kg of certified
seeds, while the fixing of seed prices is free. Monsanto wants
to charge a 2% royalty on the production value of non registered
transgenic seeds, but an agreement for that has not been reached
yet with the grains producers
OCB and Associacao dos Cerealistas.
Abrasem estimates 3 million bags of certified seeds for the
current harvest, or 30% of the total soybeans planted. If
confirmed, Monsanto stands to earn an estimated R$6O million in
royalties.
Related article from Globo Rural:
http://revistagloborural.globo.com/GloboRural/0,6993,EEC1045384-1935,00.html
|