Under terms of a new agreement, DuPont Pioneer will receive a royalty-bearing license to Monsanto Company’s Intacta RR2 PRO technology in Brazil. The license is subject to customary review and prior approval by Brazilian regulatory authorities.
“DuPont Pioneer looks forward to bringing the Intacta insect technology together with leading soybean genetics to Brazilian growers as early as the 2017 selling season,” said Alejandro Muñoz, DuPont Pioneer vice president, Global Commercial Business. “The combination of technology, genetics, and DuPont Dermacor seed treatment will help advance the productivity of soybean growers while providing enhanced insect control and strengthening their integrated pest management practices.”
Mike Frank, Monsanto vice president, chief commercial officer, said, “This agreement further endorses the value of our Intacta RR2 PRO platform, which has achieved rapid grower adoption and is providing an important new choice in insect control and convenience to growers in South America.”
Intacta RR2 PRO soybeans “have become one of the cornerstone products in Monsanto's next-generation soybean platform.” The company says the offering provides South American soybean growers three distinct benefits – increased yield potential, protection against major pests that attack soybeans and tolerance to glyphosate herbicide.
Terms and financial details of the agreement were not disclosed.