Brazil soy farmers in key state expect to pay $204 million in Intacta GMO royalties
SAO PAULO (Reuters) - Brazilian soy growers suing Monsanto over a patent’s validity said they expect the Bayer unit to collect 800 million reais ($204 million) in royalties related to its Intacta RR2 Pro genetically modified soy seed technology in the 2017/18 crop cycle.
The Mato Grosso state branch of grain growers’ association Aprosoja praised a court decision ordering Monsanto to deposit royalties related to the technology in an escrow account until a federal court issues a final ruling on the matter. Intacta’s patent protection extends through October 2022.