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Monsanto's Industry-Leading Seed Position Creates Accelerated Biotech Trait Opportunity in Latin America
Date:6/5/2008

June 25, and will provide further strategic updates at that point.

At today's conference, Begemann will highlight developments in key areas of the company's growth drivers. These include:

-- U.S. corn business: With U.S. planting nearing completion, Monsanto

remains on track with its 2-3 share point gains in its DEKALB corn

seed business and complementary 1-2 share point gains in its American

Seeds, Inc. businesses. Paired with increased trait penetration,

especially for triple stacks, Monsanto is setting the stage for the

introduction of its new SmartStax trait platform for corn expected in

2010, Begemann said.

-- International corn: In addition to the new biotech trait launches in

Latin America, Monsanto has strengthened its corn seed position in its

key international markets. Notably, in Argentina, Monsanto brands

have gained 5 shares points, ahead of the original expectation of 1-2

share point gain. In Brazil, where Monsanto targeted holding share in

2008, its seed brands met the objective and are poised for growth in

2009. In expanding markets in the European Union and India, Monsanto

brands fell short of the original 1-2 share-point gain target, but

retain strong positions and good momentum for renewed growth in 2009.

-- Soybeans: Monsanto remains on target for its planned 1 million to 2

million acre pre-commercial launch of its Roundup Ready 2 Yield

platform in 2009 in the United States, with significant seed bulk up

and final commercial testing underway in 2008 to support the roll out

next year.

-- Cotton: In the United States, Monsanto's cotton business continues to

be a turnaround story, with the Deltapine seed brand expected to lose

share in 2008 and stabilize at a level of approximately 33-36 percent.


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SOURCE Monsanto Company
Copyright©2008 PR Newswire.
All rights reserved

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