Monsanto Co.Monsanto Co., St. Louis, stops selling soybean soybean, soya bean, or soy pea, leguminous plant (Glycine max, G. soja, or Soja max) of the family Leguminosae (pulse family), native to tropical and warm temperate regions of Asia, where it has been seeds in Argentina, the world's No. 3 soy producer, because it says a huge black market for the genetically modified genetically modified Adjective (of an organism) having DNA which has been altered for the purpose of improvement or correction of defects genetically modified genetic adj [food etc] → seeds makes it impossible to recoup its investments. Until that changes, Monsanto Argentina says, it won't sell new and improved soy seeds or carry out research to develop new varieties tailored to local conditions. Some 50 to 60 percent of all soybean seeds in Argentina are bought on the black market, says Federico Ovejero, a spokesman for Monsanto Argentina. Monsanto Argentina says it will concentrate instead on Roundup Ready corn, which the government has yet to approve, and new varieties of sunflower sunflower, any plant of the genus Helianthus of the family Asteraceae (aster family), annual or perennial herbs native to the New World and common throughout the United States. seeds and sorghum sorghum, tall, coarse annual (Sorghum vulgare) of the family Gramineae (grass family), somewhat similar in appearance to corn (but having the grain in a panicle rather than an ear) and used for much the same purposes. . Monsanto had about 15 percent market share in the soybean seed business, industry sources say. Now that it has withdrawn, just three major companies remain. |
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