21 March 2007 11:49 [Source: ICIS news]
LONDON (ICIS news)--BASF Plant Science and agro-technology group Monsanto have entered into an agreement to research and develop high-yielding and drought-resistant crops, the companies said in a joint statement on Wednesday.
The firms said they would dedicate a potential $1.5bn (€1.1bn) to fund a pipeline of yield and stress-tolerant traits for corn, soybeans, cotton and canola.
Products emerging from the joint development would be commercialised by Monsanto, with the ?xml:namespace>
The first product was expected to be sold in the first half of the next decade.
($1 = €0.75)
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