DuPont signs licensing agreement for Monsanto’s Intacta RR2 PRO technology

Dupont has signed a licensing agreement for one of Monsanto’s next-generation soybean technologies.

According to the terms of the agreement, DuPont Pioneer will secure a royalty-bearing license for Intacta RR2 PRO technology in Brazil.

Subject to customary review, this license also requires prior approval from Brazilian regulatory authorities.

Further terms and financial details of the agreement were not disclosed.

DuPont Pioneer vice-president for global commercial business Alejandro Muñoz said: "DuPont Pioneer looks forward to bringing the Intacta insect technology together with leading soybean genetics to Brazilian growers as early as the 2017 selling season.

"The combination of technology, genetics, and DuPont Dermacor seed treatment will help advance the productivity of soybean growers while providing enhanced insect control and strengthening their integrated pest management practices."

Monsanto vice-president and chief commercial officer Mike Frank said: "This agreement further endorses the value of our Intacta RR2 PRO platform, which has achieved rapid grower adoption and is providing an important new choice in insect control and convenience to growers in South America."

Monsanto’s Intacta RR2 PRO soybeans offer increased yield potential, protection against pests that attack soybeans and tolerance to glyphosate herbicide.