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Paraguay bets on genetically modified soy and corn

| September 5, 2012

Paraguay will approve Monsanto’s genetically modified Roundup Ready 2 soybean seeds before the end of this year along with new corn technology aimed at improving the country’s competitiveness as a grains exporter, a state official said.

Paraguay collected 4.3 million tonnes of soy in the 2011/12 season, during which yields were reduced by drought. The South American country expects its soy output to jump to 8 million tonnes in the 2012/13 season, thanks in part to the new seeds, according to Agriculture Ministry trade chief Santiago Bertoni.

“Roundup Ready 2 is 90 percent there,” in terms of being approved for sowing in Paraguay, Bertoni said, predicting that the official OK will be granted in time for farmers to use the new technology when this year’s planting starts in October.

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