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2-Plants: Monsanto plans for selling RR soybean seeds in Brazil



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Gazeta Mercantil, Brazil
Page: B-20
February 18, 1999


Monsanto will start selling Roundup Ready hybrid soybean seeds in Brazil 
as of the 2nd semester of 1999. It has sown seeds in the states of Rio 
Grande do Sul, Mato Grosso do Sul and Goias. The company aims to 
introduce the new product gradually - the initial plan is to make it 
represent between 2% and 4% of the country's soybean plantation. Monsanto 
will invest US$550mil to build a raw material plant in Bahia. It 
inaugurated in July, 1998 a genetic development plant in Goias that 
costed nearly US$7mil. It has also been investing US$10mil to build a 
soybean seeds processing plant in Rio Grande do Sul which will be 
inaugurated between April and May, 1999.

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