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Argentina permits new soybean seed as EU debates weed-killer glyphosate

Argentina recently authorized the use of genetically modified soybean seeds resistant to herbicides other than glyphosate, as the European Union (EU) debates whether to extend the license of weed-killers containing the ingredient.

The EU debate comes amid concerns the active ingredient in Monsanto Co.'s popular weed-killer Roundup causes cancer. That has caused concern in the South American country, the number one exporter of soybean meal and soybean oil and number three raw soybean exporter, that its exports to the EU could be in jeopardy.

In a statement, the Agriculture Ministry said the SYN-000H2-5 seed needed different herbicides which had not raised health concerns around the world. Syngenta AG and Bayer AG had requested government approval for the seed. For the full story, click here.