11.06.2003 |

Monsanto to collect royalties from illegal GM soybean planting in Brazil

Negotiations of Monsanto with major soybean exporters in Brazil will most likely result in patent fees being collected by the exporters for Monsantos Roundup Ready beans. Planting of these GM crops however is illegal in Brazil. The company claims it has no influence on the smuggling of GM beans even though its main business is the sale of Roundup applied on them.</p><p><a href="http://www.reuters.com/newsArticle.jhtml?type=topNews&storyID=2915801">Reuters: Brazil soy exporters to pay '04 GM royalty-Monsanto</a>