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Brazil State Court Orders Monsanto Co To Suspend Seed Royalties-Reuters


Monday, 8 Oct 2012 07:37pm EDT 

Reuters reported that A court in Brazil's top soy growing state said it ordered Monsanto Co to stop charging royalties on its Roundup Ready soybean and Bollgard cotton seeds on Monday. The court , in the agricultural state of Mato Grosso , sided with the state's farming and ranching federation, finding that Monsanto's patent on the seeds had expired in 2010 and had not been renewed in Brazil. Monsanto, which has defended its right to apply royalties to patented seeds in Brazil in federal court, said on Monday it had not been officially notified of the decision but that it was complying with Brazil's intellectual property laws. 

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