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Monsanto to suspend future soybean technologies in Argentina

MonsantoMonsanto announced this week the company will suspend launching future soybean technologies in Argentina, as Monsanto has been unable to find any common ground with the Argentine government regarding inspections of genetically modified soybeans. Pro Farmer’s First Thing Today reports that Monsanto is taking steps to “protect its current assets,” according to company officials. Monsanto had previously asked Argentine exporters to inspect bean shipments to make sure farmers are paying royalties for use of its seed. Argentina responded with a decree that said the government must first approve any such inspections.

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