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Monsanto strikes royalty deal for transgenic soybean seeds in Brazil
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

Valor Economico via Checkbiotech

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