Monsanto Said to Reject Argentina Request in Seed Dispute | Bloomberg Business

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Monsanto Co. rejected a request by Argentina for more time to force farmers to pay royalties on genetically modified soybean seeds, according to people with knowledge of the situation, the latest twist in the saga of the largest seed company’s attempts to collect revenue in the country.

Agricultural Minister Ricardo Buryaile and members of his staff met Monday with Monsanto executives including Chief Operating Officer Brett Begemann to request the waiver, said two of the people, who asked not to be identified as the talks are private. Monsanto has rejected the request, citing payments already made by growers of its soybeans, according to the people.

The meeting follows an April 15 government resolution that gives the Agriculture Ministry control of the analysis of seeds in the country, a move that would render obsolete a Monsanto-funded network of laboratories set up to detect its seeds at Argentine ports and help enforce payment.

Source: Monsanto Said to Reject Argentina Request in Seed Dispute | Bloomberg Business

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