Monsanto Cut From Argentine Cereals Register Following Bunge

Monsanto Co., the world’s largest seed company, became the second company suspended this month from Argentina’s National Cereals Register for unpaid taxes. Mining companies including Barrick Gold Corp. are also being investigated, the tax agency said.

Monsanto was removed from the register because it owes $70 million in taxes for 2001-2005, an Argentine tax official, who asked not to be identified citing the agency’s communications policy, told reporters today in Buenos Aires.