Job offersmore »

Tweeting Growers

Top 5 - yesterday

  • No news has been published yesterday.

Top 5 - last week

Top 5 - last month

Exchange ratesmore »

Japanese company buys Monsanto seed coating rights

Japanese trader Mitsui & Co. has announced plans to purchase agrichemical business assets from Monsanto in a deal worth around $86.5 million, a move prompted by the dramatic realignment of the global crop industry.

Mitsui will acquire intellectual property rights associated with Latitude, the seed coating effective in fighting a crop disease that occurs after replanting wheat and barley. Assets being transferred include licensing, trademark and selling rights for the chemical. Latitude enjoys a virtual monopoly in Europe, where crops are typically cultivated in the same field for two consecutive years or more.

Monsanto markets Latitude in over 10 countries, mainly in Europe. Mitsui will sell the product in Britain, France, Germany and other western European nations via Dutch subsidiary Certis Europe and German unit Spiess-Urania Chemicals. Latitude draws around 10 billion yen in annual sales, though Mitsui seeks to boost that figure by at least 20-30%.


Publication date: 1/11/2017



Other news in this sector:

3/16/2018 Bioline expands Amblyseius andersoni line with new sachet format
3/15/2018 "Got aphids? Call in the reinforcements with banker plants"
3/15/2018 UK: New tool for powdery mildew control
3/14/2018 "Promising results in assessing new methods in IPM"
3/14/2018 Bayer publishes crop protection safety studies
3/13/2018 Italy: TYLCV variant risks damaging entire economy
3/13/2018 Spanish pepper grower successful with predatory mite
3/12/2018 Countries get heads up about leafminer invasion thanks to Virginia Tech
3/9/2018 Sri Lanka: Increased awareness about pest management and food safety
3/8/2018 Nufarm acquires Century portfolio from Syngenta and Adama
3/8/2018 Russia intercepts 250 kg of thrips-infected strawberries
3/7/2018 Protecting pollinators: What role can the greenhouse industry play?
3/6/2018 Philippines: Experts to increase plum tomato productivity
3/6/2018 Sclerotinia - an underestimated greenhouse disease
3/5/2018 BASF’s 2018 science competition focuses on plant stressors
3/5/2018 British-Chinese research unlocks strawberry disease resistance
3/5/2018 US (NH): Most prevalent weeds on New England's organic vegetable farms
3/1/2018 BASF expects to earn €3.5 billion with crop protection innovation
3/1/2018 UK: Stopping soil spread key to preventing lettuce Fusarium wilt
3/1/2018 UK: New priorities announced for plant protection research programme