17 January 2000 00:00 [Source: ICB]
DuPont has signed a multi-year supply agreement to purchase glyphosate herbicide from Monsanto for use in DuPont herbicide mixtures and in its own brands in the US.
Under the agreement, which licenses Monsanto's glyphosate herbicide registration data, DuPont will be allowed to register its own brand of glyphosate herbicide for sale in the US, beginning this year. The agreement allows for certain DuPont-branded glyphosate products, once registered, to compete in the agricultural marketplace with Monsanto's Roundup and Roundup Ultra herbicides, which include the active ingredient glyphosate, for use over the top of Roundup Ready cotton and soya beans.
According to Hugh Grant, president of Monsanto's agricultural group: 'This agreement is consistent with our vision of providing wide access to our traits and technology, while at the same time focusing on best business practices in our manufacturing and marketing areas.'
Meanwhile, James Borel, president of DuPont Crop Protection, said: 'Our mission is to help farmers be more successful through technology and service.
'Adding glyphosate to our already strong product portfolio will help us to continue achieving that goal, which is particularly critical in the very difficult farm economy in which we are operating,' he added.
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