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2006-12-11 | permalink
Monsanto, Pioneer locked in fight over biotech seeds
Winter months are quiet on the farm, but it's crunch time for seed companies Monsanto Co. and Pioneer Hi-Bred International Inc. While farmers place their orders for next year's crop, the companies are fighting for market share in the multibillion-dollar market for genetically engineered seeds. Pioneer is developing new strains of biotech seeds, while Monsanto has been aggressively buying up small seed-dealing companies to get better access to farmers. The result seems to be a tight competition this year, with Monsanto possessing an edge, according to a recent report from analyst Kevin McCarthy with Bank of America in New York.
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News
2006-12-11 | permalink
Monsanto, Pioneer locked in fight over biotech seeds
Winter months are quiet on the farm, but it's crunch time for seed companies Monsanto Co. and Pioneer Hi-Bred International Inc. While farmers place their orders for next year's crop, the companies are fighting for market share in the multibillion-dollar market for genetically engineered seeds. Pioneer is developing new strains of biotech seeds, while Monsanto has been aggressively buying up small seed-dealing companies to get better access to farmers. The result seems to be a tight competition this year, with Monsanto possessing an edge, according to a recent report from analyst Kevin McCarthy with Bank of America in New York.
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