South American farmers are expected to sow 57 percent more area with Monsanto Co’s second-generation, genetically modified soybean seed Intacta RR2 Pro in the new planting season…
Intacta, which tolerates the herbicide glyphosate and resists caterpillars, was planted on 14 million hectares in Brazil, Argentina, Paraguay and Uruguay in 2015/2016.
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Monsanto does not release specific numbers about the area planted with its seeds in Brazil, the world’s largest soybean exporter. For years, its Roundup Ready Soybeans dominated the regional GMO seed market…
Soon after, the company began offering Intacta soybeans, which have increased resistance to caterpillars. The insects have become a serious threat in the tropical growing regions of Brazil’s center-west where no hard freezes help contain their populations.
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Rivals Basf and Bayer recently got regulatory clearance and launched their own soy seed technologies in Brazil.
Nachreiner declined to comment on Bayer’s planned takeover of Monsanto. The deal is expected to raise regulatory concerns about the companies’ dominant positions in some of Brazil’s seed markets.
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