Argentine biotech firm along with US company aims to break Monsanto market dominance

US-based Arcadia Biosciences and Argentine biotech firm Bioceres have teamed up together in an attempt to break Monsanto market dominance. This new joint venture aim to introduce a host of new transgenic soybean seeds into Argentina which is potentially a lucrative market for genetically modified seed makers. The South American farming powerhouse is the world's third-largest soybean exporter and ranks No 2 in corn exports.

Genetically Modified Crops

The two companies have already invested about US$120 million (€91.278 million) to develop seeds that will combine transgenic traits for resistance to the herbicide glyphosate with drought tolerance and increased nitrogen and water use efficiency. Another US$20 million (€15.213 million) to US$40 million (€30.426 million) will be spent over the next four or five years to gain regulatory approval for the seeds in key markets, including other South American nations, the US, China and India. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers. To get your copy of 'PPLAPP' click here.