67 on the New York Stock Exchange early Thursday afternoon
by Giovana on set.27, 2013, under japan
Monsanto says DOJ wants seed access details
Department of Justice has issued Canada Goose Outlet a civil investigative demand for information on the company key soybean genetic traits business Canada Goose online after complaints that Monsanto was trying to limit access to push a new, pricier product instead.
Monsanto said it was cooperating with investigators, and reiterated that it would allow farmers and Canada Goose Parka seed companies continued access to its first generation Roundup Ready soybean trait a canada goose coats genetic alteration that makes Canada Goose Online the soybeans Canada Goose Coats On Sale tolerate herbicide treatments following that product patent expiration Canada Goose Jackets in 2014.
Seed dealers, rivals and others have complained that Monsanto was creating conditions, through contracts with seed dealers canada goose uk shop and other means, that would unfairly push farmers to buy canada Cheap Canada Goose jackets goose uk black friday its new Roundup Ready 2 uk canada goose Yield soybeans and away from the first cheap Canada Goose generation, lower priced Roundup Ready beans.
But Monsanto has said repeatedly over the last month that it will not try to stop farmers canada goose factory sale from saving and canada goose black friday sale replanting its Roundup Ready soybeans after the patent expires and rivals will be able to continue to incorporate the Roundup Ready tolerant trait into their products. The company said it will not enforce contracts requiring canada goose clearance seed companies to destroy or return Roundup Ready seed after patent expiration.
respect the thorough regulatory process, said Scott Partridge, Monsanto chief deputy general counsel. believe our business practices are fair, pro cheap canada goose uk competitive and in compliance with the law.
The fresh demand notice from investigators comes canada goose amid a larger probe into competition in the agriculture industry and a specific look at the seed industry, uk canada goose outlet where Monsanto canadagooseoutleta is a world leader. More than 90 percent of the soybeans grown in the United States are estimated to contain the Roundup Ready trait.
Justice Department spokeswoman Gina Talamona declined to comment on Monsanto on Thursday, other than to say antitrust buy canada goose jacket cheap division is investigating the possibility Canada Goose sale of anti competitive buy canada goose jacket practices in the seed industry. Department of Agriculture will be holding five hearings later this year to discuss fair play and concentration in agricultural marketing.
Shares of Monsanto fell 1.5 percent to canada goose uk outlet $82.67 on the New York Stock Exchange early Thursday afternoon.
Analysts say signs point to a limited probe by regulators.
expect this to be the sole focus of the Department of canada goose clearance sale Justice inquiry into Monsanto, and that a formal lawsuit will not be canadian goose jacket filed, Morgan Stanley analyst Vincent Andrews wrote in a note to investors. believe that the DOJ spent the last several months comprehensively reviewing Monsanto businesses and that the very narrow scope of the CID request likely indicates no DOJ interest in the remainder of Monsanto operating and practices.
DuPont, which owns Pioneer Hi Bred International, has also complained that Monsanto is unfairly using monopoly powers to drive up prices and hinder competition in the broad corn and soybean markets.
Reporting by canada goose store Carey Gillam; Additional reporting by Diane Bartz; Editing by Dave canada goose coats on sale Zimmerman, Matthew Lewis and Richard Chang.
