Monday, November 28, 2005

Meanwhile, over at Australia's trade competition....

Agnet Nov. 27/05 New law encourages Monsanto to invest in transgenics
November 25, 2005 Gazeta Mercantil

SAO PAULO - Monsanto do Brasil, owner of the technology for Roundup transgenic soybeans, will, according to this story, increase its investment budget 30% during the current crop and plans to invest US$12.3 million in the period 2005/06.
The investment decision was taken before the regulation of the Bio Security Law, which was published yesterday in the official government gazette, the "Dirio Oficial da UniƤo." Ricardo Miranda, company technology development director, who already has begun conducting experiments with new varieties of genetically altered. corn, soybeans and cotton, was quoted as saying, "We are going to accelerate the requests for approval of new varieties of transgenics. 1 hope that the decree speeds the release of new transgenic varieties so that we can begin the field tests as quickly as possible." The story adds that the research investment refers not only to transgenic varieties but also to conventional ones.

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