The company’s Governmental Affairs Manager for Latin America, Rafael Aramendi, stated that he had expressed the interest the multinational giant had in producing seeds in Peru to President Alan Garcia.
"We consider that Peru has adequate zones for the production of seeds, that’s what we want to invest in," stated Aramendi to Peru’s press.
In addition, the Manager for Latin America explained that Monsanto had carried out studies in Peru’s highlands to determine the feasibility of the project. He reported that Peru’s agricultural potential was very big. "The potential the Peruvian agricultural sector has is very big," said Aramendi.
According to Peru’s RPP News, Monsanto has already largely invested in a vegetable plant in Ica, Peru. In addition, the company has investments in Chile and Colombia. Monsanto is also the world’s leading producer of the herbicide glyphosate, marketed as "Roundup".
Monsanto is the leading producer of genetically engineered seed and also the largest conventional seed company in the world. The company owns Agracetus, the producer of Roundup Ready soybean, which is the first successful genetically engineered crop produced for the commercial market.