Bayer Plans to Take on Monsanto In Brazil With GMO Soybean Seeds

摘要

Bayer AG and BASF SE are planning to introduce new genetically modified soybean seeds this year in Brazil as the companies seek to break Monsanto Co.'s decade-long dominance in the South American country, the world's second-largest producer of the crop. Bayer's agriculture unit, Bayer CropScience, will begin selling soybean varieties in Brazil that are resistant to the herbicide glufosinate ammonium for the planting season starting in October. The seeds will be an alternative to Monsanto's glyphosate-resistant crops. The move will mark Bayer's attempt to return to a market it left more than a decade ago after selling its soybean and corn seed assets in Brazil.