The government of Argentina will oversee the testing of soybean yield in accordance with the agreement, intended to meet the requirements of the American seed company Monsanto, intentional to protect their technology of genetic modification, said the Minister of agriculture of the country on Thursday.

Monsanto demanded that the export of the company has tested deliveries as they do in neighboring Brazil, but Argentine farmers were against this system and demanded state control.

The national Institute of Seeds to sign agreements with public and private entities to carry out spot checks to determine the legality of the seeds, said agriculture Minister Ricardo Burial at a press conference.

Monsanto threatened to stop selling the new technology of soybeans in Argentina due to the conflict.

Monsanto announced that it would consider the details of the new inspection system before taking a decision on the introduction of new genetically modified technology that, according to farmers, is needed to keep pace with international competitors.

In fact, very positively, the Institute of seeds strengthens its presence on the trading floor and watching the checks from the government, said the leadership of the division of Monsanto in Latin America reporters after the press conference of the Ministry.

But the company still have not seen a resolution describing the new control system and not see the operating agreements, added the user.

Argentina is the world's third largest exporter of soybeans and a major supplier of soybean meal to feed cattle.

Source: Thomson Reuters