Monsanto (MON)

Monsanto, the world’s largest seed producer, plans to lobby Brazil’s government for higher import taxes on an herbicide from China, saying that below-cost shipments are eroding its market share.
Chinese makers of glyphosate, used to kill weeds before crops are planted, are selling the herbicide in Brazil for less than it costs to produce, a practice known as “dumping,” said Rodrigo Almeida, Monsanto’s director of corporate affairs in Brazil.

Feb 12 · 9:58:00 PM · Source: Bloomberg
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by Michael Oliveto