Agribusiness company Monsanto Co. (MON) acquired a 49% stake in Brazilian cotton seed company MDM Sementes de Algodao Ltda for an undisclosed amount, Monsanto said.

Monsanto has had a stake in MDM since 2007 when it acquired agribusiness biotech company Delta & Pine Land.

Monsanto sells its Bollgard brand of genetically modified cotton seeds to Brazilian farmers.

Brazil is a mid-sized cotton producer. Its cotton farmers became well-known after multiple victories in a dispute against U.S. cotton subsidies at the World Trade Organization, a case that began in 2002.

-By Tony Danby, Dow Jones Newswires; 55-11-2847-4523; Anthony.Danby@dowjones.com

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