Business | Monsanto
Lord of the seeds
A good move to buy the world leader in vegetable seeds
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MONSANTO, the world leader in genetically modified (GM) grains and oilseeds, is buying a second blade for its plough: California-based Seminis, the leader in vegetable seeds. Seminis made a small loss in 2003-04 and news of the $1.4 billion buy cut Monsanto's share price by 6%. But it may yet prove a smart move.
This article appeared in the Business section of the print edition under the headline “Lord of the seeds”
From the January 29th 2005 edition
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