Monsanto-Argentina Seed Pact Said to Become Effective Next Week
- Country’s seed institute to approve methodology for GMO tests
- Resolution to be enacted June 21, government officials say
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Monsanto Co. and Argentina’s government have reached a final accord on soybean seed royalty payments, according to three government officials with knowledge of the situation.
A resolution written by the Argentine government seed commission in conjunction with the St. Louis-based seed producer’s legal advisers will be sent Tuesday for approval to the Argentine Seed Institute. Once it is approved, it will be enacted June 21, according to the officials, who asked not to be named because the agreement hasn’t yet been announced.