0
Home
News
Directory
E-newsletter
Magazine
Events
Data
AgReport
Subscribe
Argentina: New decree would deny Monsanto's rights of charging on grains
Jun. 1, 2015
The new law would force the company to charge for unit of seed sold at a price fixed through a contract. This means that farmers will not need to pay US$ 15 per ton of soybeans sold where there was use of the Intacta RR2 technology.
Last week, farmers, cooperative unions, collectors, and brokers met with exporters at the Rosario Board of Trade to request an exemption of charge of the "Monsanto" clause, which cites the royalties charged by the company.
One month ago, trading companies such as Cargill, Bunge, Louis Dreyfus and Vicentín began to charge the clause. Before, the payment was already required by ADM-Toepfer and Compañia de Granos. Exporters said that they run the risk of having the goods blocked in Europe if they do not charge the royalties, or the clause, previously.
Representative entities of the rural sector in Argentina were caught by surprise with the decision and praised the president Cristina Kirchner, known for having conflicts with the sector. Farmers were guided to request that the clause is not charged, even though the decree was not published yet.
Source: AgroNews
More from AgroNews
Change
Hot TopicSubscribe
| Subscribe Email: | * | |
| Name: | ||
| Mobile Number: | ||
Comment
0/1200
NEWSLETTER