Monsanto: giant of the $6.15bn GM market

More than 90 percent of global biotech acreage is planted with Monsanto seed, according to this Financial Times report that appears on MSNBC.

Other interesting bits from the article:

The global market for GM seeds and traits is growing at 10 percent a year.

This market, which is primarily made up of soybean, cotton, canola (oilseed rape) and corn seeds, will this year be worth $6.15bn.

Last year, GM crops were planted on 222m acres around the world, with the US and Argentina leading the way with 123m and 42m acres respectively.

Syngenta, the second-largest agricultural biotech company, has its seeds planted on 7.9m acres of global biotech acreage, or under 4 percent of the global total.

This entry was posted on Monday, November 20th, 2006 at 8:22 am and is filed under All blog posts. You can follow any responses to this entry through the RSS 2.0 feed.