Delta and Pine Land Co. has announced that Brazilian President Luis Inacio Lula da Silva signed a law governing biosafety in the Brazilian market. This action follows Brazil's National Commission For Biosafety (CTNBio) approval on March 17 of the Bollgard gene for sale in cotton.

"Brazil's new biosafety law, coupled with CNTBio's approval, establish the framework for D&PL to register our varieties containing the Bollgard gene," said Tom Jagodinski, president and chief executive officer. "While we await the final regulations, we believe, under current regulations, transgenic varieties may be available for sale in 2007."

D&PL conventional products are among the top-selling cotton varieties in Brazil. The company has the license to develop and commercialize varieties containing Monsanto's Bollgard and Roundup Ready genes in Brazil. Commercialization of varieties containing the traits, when approved, will be achieved through MDM Sementes De Algodao Ltda., D&PL's joint venture with the Maeda S.A. Agroindustrial. There are approximately 2.2 million acres planted in cotton in Brazil.

Source: Company Release