The Associated Press:
WASHINGTON — Agricultural business giant Monsanto Co reported worse-than-expected losses for its fiscal fourth quarter on Wednesday, due to lower sales of its genetically engineered seeds.
The company forecast for fiscal 2014 also came in below Wall Street expectations, and it revealed plans to buy farming software and data firm The Climate Corporation. The combination sent shares lower in morning trading.
by Ken Roseboro,
How biotechnology companies monopolize seed markets, escalate seed prices, and eliminate farmer choice.
The introduction of genetically engineered (GE) crops has corresponded with increasing monopolization of seed by biotechnology companies and higher seed costs. This has led to tragedies in some countries, while pushing out conventional, non-GE seeds and reducing farmer seed choices.
By Michelle Schoffo Cook,
By David Mercer,
(Reuters) - Japan will import 750 tonnes of wheat used for making cakes that is not the U.S. western white variety for the first time in over half a century, following a halt on shipments of the U.S. grade.