Monsanto suspends its soy tech
The dispute blew up after Monsanto asked Argentine exporters to inspect soybean shipments to ensure growers had paid royalties for using the company’s products. The Argentine government told the world’s largest seed company that such inspections must first be approved by the government.
The US company issued a statement saying it was “disappointed” that talks with the Argentine government had not yielded an agreement on the inspection issue.
“The company plans to take measures to protect its current assets and will suspend launching any future soybean technologies in the country,” Monsanto said in the statement.
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