Monsanto plans to invest $28 million over five years in the development of a
new genetically modified (GM) soy variety in Brazil, combining resistance to
insects with herbicide tolerance.
The new soy plants would be resistant to Velvetbean caterpillar
, the major pest of soybeans in Brazil and Argentina.
Brasil's president, Alfonso Alba, told reporters the new soy variety would bring
economic benefits worth $1 billion a year in Latin America's farming giant,
given current productivity losses of seven percent due to the pest.
for herbicides, the beans would have a second-generation 'Roundup Ready'
tolerance to glyphosate-based toxins. Beans with first-generation tolerance are
already widely used in Brazil. The second generation use of the glyphosate
tolerant gene allows for greater soybean yields, reported
Reuters.Related news items:
Monsanto seeks approval for new GM soy
bean GM corn approved for human consumptionRelated
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