Monsanto Seals GMO Pact With Argentina to End Soybean Dispute
- Agriculture Ministry announces deal after years of discord
- Seed institute will oversee GMO testing of soybean cargoes
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Monsanto Co. and Argentina announced an agreement for the collection of royalties for genetically modified soybeans, ending years of dispute between the world’s largest seed company and the third-largest grower of the crop.
"The state will have full control of seed commercialization in order to ensure private companies like Monsanto will be able to collect royalties payments," Agriculture Minister Ricardo Buryaile said Thursday at a press conference in Buenos Aires. "That is the spirit of the resolution."