Monsanto Sees Greater China Investment on Par With Brazil

Monsanto Co., the world’s biggest seedmaker, plans to boost investment in China to a level similar to Brazil because of a newly drafted government policy, Chief Technology Officer Robb Fraley said.

Foreign companies now are encouraged to work with Chinese seed producers on consolidating the industry and raising crop yields, Fraley said today on a webcast from the Bank of America Merrill Lynch 2012 Global Agriculture Conference in Bal Harbour, Florida. Monsanto plans to expand a venture with China National Seed Corp., a unit of Sinochem Corp., he said.