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Markets :: Fine Chemicals/Biotech :: Seeds and traits
Monsanto Targeted in U.S. Antitrust Inquiry (Update)
1:50 PM MDT | October 9, 2009 | Kara Sissell and Rebecca Coons
Monsanto says it has been cooperating with Department of Justice (DOJ) officials in the government’s investigation into its seed licensing practices, which Monsanto’s competitors have said violate U.S. antitrust laws. At issue are allegations that Monsanto’s seed licensing agreements limit growers’ options and bar other seed companies from entering certain markets. Monsanto says it has received questions from DOJ regarding competition in the seed industry. "These questions come at a time when DOJ and the U.S. Department of...
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