Argentina To Sue Monsanto In Spain

Avatar for Matt Hopkins By Scott C. Lucas|19 May 2006

The ongoing conflict over biotech soy royalties drove Monsanto to file lawsuits against soy importers in several European countries, and has stopped shipments of Argentine soymeal at ports in an effort to enforce its patent rights on Roundup Ready soy in Europe.

Nearly US $2 billion in annual trade of Argentine soymeal to Europe is at stake in the legal battle. Argentina is the world’s top soymeal supplier and the EU is its top client.