New Transgenic Soybean

U.S. company to develop new type of transgenic soybean

    RIO DE JANEIRO, Sept. 5 (Xinhua) -- The U.S. Monsanto Company announced on Wednesday it will invest 28 million U.S. dollars to develop a new type of transgenic soybean in Brazil resistant to the herbicide glyphosate.

    The U.S. company said its new transgenic soybean will be resistant to both glyphosate and the soybean worm (Anticarsia gemmatallis) and it will be the first time that such technology is developed in markets outside the United States.

    Monsanto's investment will be channeled into three research stations in the southern states of Parana and Rio Grande do Sul as well as in the northern state of Tocantins.

    Alfonso Alba, the company's president in Brazil, said that "the headway achieved in the regulatory process and the respect toward intellectual property rights in the country have led the company to increase its investments in Brazil."

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