Monsanto Brazil realizes exponential export growth in plant making Roundup ingredients (1/24/2003) Monsanto's new plant in Camacari has helped the firm's Brazilian division quintuple its export revenue in 2002. This plant makes the building blocks for RoundUp herbicide, which are then shipped to plants inside Brazil (Sao Paulo state), as well as Argentina and Belgium. The president of Monsanto Brazil has announced that $200 million has already been earmarked for expansion to the $350 million plant.
As the global supply/demand table below shows, total soybean production in the world is projected to reach 6.9 billion bushels. Is this bearish for prices? Not when global usage is at over 7 billion bushels. Global demand for soybeans continues to grow by 2-3% each year. And, with improving global economies, the 2-3% increase that's forecast for 2003 may prove to be conservative.
The following information about agricultural biotechnology was
recently published on the U.S. Department of Agriculture (USDA)
biotechnology web site. The fact sheet states that biotechnology can
help both consumers and farmers and fight hunger.
Paraguay farmers opt for banned GM soybean seeds (1/14/2003) GOLONDRINA, Paraguay - Farmer preference for illegal genetically modified (GM) soybean seeds will force Grupo Espirito Santo (GES), a top Paraguay agribusinesses, to stop producing conventional seed this year, a senior company official said.
Bayer merger brings on new focus to CropScience (1/9/2003) Southeast Farm Press via NewsEdge Corporation : When John Gray set foot in the United States a little more than five months ago from The Philippines, he wasted little time anticipating the job before him: 15 new products over the next five years, and a strong presence in biotechnology for the future at Bayer CropScience, the third largest crop protection company in the United States.
GM crop worries (1/8/2003) Sir, The Government’s GM science review panel would be well advised to heed the advice of Professor Mick Crawley, of Imperial College, London (“GM crops could revive endangered wildlife”, report, December 26), when it decides on the future of GM far- ming in Britain. He doubts whether the findings at Broom’s Barn research station could be translated from laboratory plots into commercial agriculture.