Monsanto teams up with Sumitomo Chemical

AP News
Posted: Oct 19, 2010 9:49 PM
Monsanto teams up with Sumitomo Chemical

Monsanto Co. said Tuesday it's partnering with weedkiller-maker Sumitomo Chemical Co. to develop a new platform for Monsanto's genetically altered crops.

Monsanto, the world's largest seed company, develops genetically engineered "Roundup Ready" crops that are resistant to Monsanto's Roundup herbicide. The company said its new partnership will help it develop a new weed management platform called Roundup Ready PLUS.

The effort is aimed at allowing farmers to get the most out of Roundup Ready crops by using the platform's recommendations and receiving financial incentives, Monsanto said.

The companies did not disclose financial terms of the partnership.

Farmers have become concerned that some weeds are growing resistant to Roundup, giving Monsanto the incentive to introduce new chemicals into its product line. The deal will give Monsanto access to herbicides like Valor SX and Valor XLT.