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BRAZIL- DUE TO A SUPREME COURT DECISION MONSANTO MAY LOOSE MORE THAN SEVEN BILLON DOLLARS

Monday, 18 June 2012 10:31 Written by Analia Manriquez

Monsanto faces the loss of billions of euros in revenues from its genetically-modified (GM) soy in Brazil after the country’s Supreme Court ruled that any decision reached in a local court case should apply nationally. An initial decision made by a local Brazilian court in April ruled that the biotech enterprise could not charge farmers for use of their genetically modified soy because patents relating to the modified crop have already expired in Brazil.  "The values involved could total 15 billion reais (US $7.5bn)," the Superior Tribunal of Justice said on its Web site.

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