), an agricultural products and solutions provider, announced
last week that its new soybean technology, INTACTA RR2 PRO™, has
moved a step closer to being used in the agricultural fields.
The INTACTA RR2 PRO helps improve the yield and protects crops
against pests. This technology is developed mainly for Monsanto's
South American customers, having received the regulatory
approvals from markets, such as, Brazil, Argentina, Paraguay and
Uruguay. Apart from these sanctions, Monsanto has also got hold
of food safety approvals from 40 countries around the globe.
It is ascertained that the INTACTA RR2 PRO will increase
productivity based on the successful product trials undertaken by
500 Brazilian farmers, in 2012. Reportedly, in one of the farms
undergoing the trial of the product, the production increased by
19.2% to 65.8 bags per hectare.
Demand of soybeans in China is estimated to be the highest,
where roughly 60% of the global soybeans production is purchased,
out of which 60% is produced by Brazilian and Argentine farmers.
It, therefore, becomes imperative to increase production, to meet
the demand. Higher yield from the existing farms may also help
The product seems to be a step above Monsanto's already
established products, and is, therefore, expected to attain
success in the markets, where it will be available.
Monsanto currently carries a Zacks Rank #2 (Buy). Other
agricultural chemical stocks worth a look are
CVR Partners, LP
); both carry a Zacks Rank #1 (Strong Buy); also,
HB Fuller Co.
), which carries a Zacks Rank #2 (Buy).
BALCHEM CP CL-B (BCPC): Free Stock Analysis
FULLER(HB) CO (FUL): Free Stock Analysis
MONSANTO CO-NEW (MON): Free Stock Analysis
CVR PARTNERS LP (UAN): Free Stock Analysis
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