USA News Group
Commentary
Issued on behalf of Bee Vectoring
Technologies International Inc.
VANCOUVER, BC, May 17, 2024
/CNW/ -- USA News Group – Food
production is rapidly evolving. The International Monetary Fund
(IMF) underscores the urgent need to "grow more with less,"
emphasizing efficiency in agriculture. Artificial intelligence (AI)
is revolutionizing the sector by developing new crop varieties,
providing vital soil data, and utilizing precision drones for
fertilizers and pesticides. To meet the rising demands for
sustainable agriculture, agritech innovations are accelerating. The
global agritech market, valued at $24.4
billion in 2023, is expected to grow at a CAGR of 12.33%,
reaching $49.2 billion by 2031,
according to Adroit Market Research. This expansion is
fueled by advances in precision farming, biotechnological
applications, and the integration of AI and Internet of Things
(IoT) technologies, with agritech companies leading the way to
ensure future food security, including developments from Bee
Vectoring Technologies International Inc. (CSE: BEE) (OTCQB:
BEVVF), Bunge Global SA (NYSE: BG),
Archer-Daniels-Midland Company (ADM) (NYSE: ADM), Origin
Agritech Limited (NASDAQ: SEED), and Ingredion
Incorporated (NYSE: INGR).
An innovative system utilizing commercially-reared bees to
deliver biological pesticide alternatives directly to crops is
making waves in the $250 billion crop
protection and fertilizer market. Bee Vectoring Technologies
International Inc. (CSE: BEE) (OTCQB: BEVVF) is at the
forefront of this development, focusing on biological agricultural
products ("biologicals") expected to replace chemical pesticides
and fertilizers. According to DataHorizzon Research, the
biologicals sector is projected to grow at a compound annual growth
rate (CAGR) of 13.3%, reaching a market size of US$45.3 billion by 2032.
Recent progress has been made with BVT's proprietary
biological control agent, CR-7, especially in its use as a seed
treatment for soybeans. This advancement highlights CR-7's
compatibility and safety on seeds, propelling it toward
commercialization in the agricultural sector.
"Two years of rigorous testing confirmed CR-7's exceptional
safety profile on soybean seeds, showing no signs of toxicity or
adverse effects on plant health," said Dr. Mason Newark, Field Technical Manager at
BVT. "These results establish CR-7 as an excellent candidate
for seed treatment, given its long shelf life, compatibility with
other common seed treatment products, and its safety for use on
seeds."
Research shows that CR-7 maintains a long shelf life when coated
on soybean seeds, ensuring extended viability. Additionally, tests
have confirmed CR-7's compatibility with various seed treatment
products, including other biologicals and chemical pesticides.
Extensive safety evaluations demonstrated that CR-7 does not
negatively affect soybean plant germination or growth, confirming
its safety and effectiveness in conjunction with other
treatments.
"Investing in this research is crucial for understanding the
potential market for a CR-7 seed treatment product," said
Ashish Malik, CEO of BVT. "We
continue to progress our collaborations with major global
multinationals. These are potential partners looking to
differentiate their seed treatment portfolio offerings in soybeans,
a major global crop that is worth US$155
billion annually and projected to reach US$278 billion by 2031."
Recent advancements in BVT's corporate partnerships have
led to new international trials and expanded use of the CR-7
biological control agent. A significant achievement includes
results from a Michigan State
University trial, which showed that CR-7 reduces early
disease infection and fungal diseases by over 90% compared to
untreated plots, matching the effectiveness of conventional
chemical treatments.
In the past year, BVT has reached notable milestones, such as
initiating trials in Spain with
Agrobío, Mexico with a
major multinational grower, and South
Africa with MBFi. This period also marked the first
sale of CR-7 to BioSafe Systems. Building on the positive
outcomes from the Michigan State
University trial, BVT plans to replicate these trials
in the coming years to further validate CR-7's efficacy.
A potentially major merger is underway, involving Bunge
Global SA's (NYSE: BG) attempt to acquire
Glencore-backed Viterra, which would put the company
nearer in scale to rivals Archer-Daniels-Midland Company
(ADM) (NYSE: ADM) and Cargill. However, competition concerns in
Canada (where the acquisition will
take place) are growing louder. As per the deal, the merged-company
would be worth $34 billion including
debt, building upon Bunge's status as Canada's largest processor of canola into
vegetable oil and meal, by bringing in Viterra's seven of
the existing 14 crushing facilities in Canada.
"The new company will be committed to Canadian workers and the
transaction will not result in the closure of any Bunge or
Viterra facilities in Canada," said Gregory
Heckman, CEO of Bunge in a statement. "That
commitment means we are keeping our important office presence in
Regina and will continue to employ
thousands of Canadians with well-paying jobs across the
country.
According to Heckman, the combination of Bunge and
Viterra will compete with dozens of grain handling companies
that operate hundreds of elevators and numerous terminals in
Western and Eastern Canada.
Bunge's competitor Archer-Daniels-Midland (ADM) is
also facing obstacles, as the major food company is undergoing an
internal investigation involving its new flavors division
Nutrition. However, while this is going on, ADM is
moving forward, recently detailing its environmental efforts in
reducing greenhouse gases (GHGs), accelerating regenerative
agriculture, and other accomplishments in its 2023 Corporate
Sustainability Report.
"ADM's global team of 42,000 colleagues once again
delivered on a broad range of sustainability accomplishments in
2023," said Juan Luciano, Board
Chair and CEO for ADM. "What is even more exciting is the
opportunity ahead of us. From our expanding leadership role in the
decarbonization of the industries in which we operate, to the
potential for the bioeconomy to transform how we think about food,
feed, fuel and industrial and consumer products, ADM is
helping pave the pathway toward a better future for us all."
Among the achievements in the report, ADM successfully
expanded its global regenerative agriculture program, with more
than 2.8 million acres in 2023 that sequestered 263,700 metric tons
of CO2 and emitted 310,000 fewer metric tons of Co2e. Recently
ADM also donated $1 million to
Kansas State's Global Center for
Grain and Food Innovation to support advances in food product
development, food safety, and food security.
Leading Chinese agricultural technology company Origin
Agritech Limited (NASDAQ: SEED) recently announced it had
received a GMO safety certificate for its transgenic maize, BBL2-2,
marking a new era in crop innovation. The newly certified maize
contains two insect-resistant genes, and one herbicide-tolerance
gene, creating maize that's resistant to various pests such as corn
borer, cotton bollworm, and armyworm.
"Receiving this GMO safety certificate is a transformative
moment for Origin Agritech and agricultural biotechnology in
China," said Dr. Gengchen Han,
Chairman and CEO of Origin Agritech. "BBL2-2 exemplifies our
capabilities in genetic innovation and sets a new standard in
sustainable agriculture. We are eager to lead the commercialization
of this technology, which promises significant improvements in crop
resilience and yield."
Looking to make food sweeter, Ingredion Incorporated
(NYSE: INGR) has unveiled its new PURECIRCE Clean Taste Solubility
Solution (CTSS), derived from the strategic acquisition of stevia
supplier PureCircle in 2020. Based on the natural sweetener
stevia, CTSS can reduce and replace sugar without the lingering
bitter notes typically associated with Reb M stevia.
Ingredion's stevia sweetener is 100x more soluble than
Reb M stevia, and is a one-to-one replacement for sugar, based on
the company's own internal tests.
"Clean Taste Solubility Solution really represents the next step
for Ingredion as well as the outgrowth of Ingredion's
investment in the acquisition of Pure Circle," said
Adam Berzins, Senior Manager of
Global Sugar Reduction Product Applications at Ingredion.
"Pure Circle had a decades-long legacy of innovation in the
stevia space. And really, what we have been able to do is, through
our deep technical understanding of everything from the leaf
agronomy through the production to the practical application in a
finished good, understand how to develop these new tools that solve
both taste and production challenges."
Article Source:
https://usanewsgroup.com/2024/04/26/the-currency-of-tomorrow-why-investing-in-cutting-edge-ai-recognition-tech-could-mean-big-money/
USA News Group
Editorial Staff
CONTACT:
USA NEWS
GROUP
info@usanewsgroup.com
(604) 265-2873
DISCLAIMER: Nothing in this publication should be considered as
personalized financial advice. We are not licensed under securities
laws to address your particular financial situation. No
communication by our employees to you should be deemed as
personalized financial advice. Please consult a licensed financial
advisor before making any investment decision. This is a paid
advertisement and is neither an offer nor recommendation to buy or
sell any security. We hold no investment licenses and are thus
neither licensed nor qualified to provide investment advice. The
content in this report or email is not provided to any individual
with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of
Market IQ Media Group, Inc. ("MIQ"). MIQ has been paid a fee for
Bee Vectoring Technologies International Inc. advertising and
digital media from the company directly. There may be 3rd parties
who may have shares of Bee Vectoring Technologies International
Inc., and may liquidate their shares which could have a negative
effect on the price of the stock. This compensation constitutes a
conflict of interest as to our ability to remain objective in our
communication regarding the profiled company. Because of this
conflict, individuals are strongly encouraged to not use this
publication as the basis for any investment decision. The
owner/operator of MIQ own shares of Bee Vectoring Technologies
International Inc. which were purchased in the open market, and
reserve the right to buy and sell, and will buy and sell shares Bee
Vectoring Technologies International Inc. at any time without any
further notice. We also expect further compensation as an ongoing
digital media effort to increase visibility for the company, no
further notice will be given, but let this disclaimer serve as
notice that all material disseminated by MIQ has been approved by
the above mentioned company; this is a paid advertisement, we
currently own shares of Bee Vectoring Technologies International
Inc. and will buy and sell shares of the company in the open
market, or through private placements, and/or other investment
vehicles.
While all information is believed to be reliable, it is not
guaranteed by us to be accurate. Individuals should assume that all
information contained in our newsletter is not trustworthy unless
verified by their own independent research. Also, because events
and circumstances frequently do not occur as expected, there will
likely be differences between the any predictions and actual
results. Always consult a licensed investment professional before
making any investment decision. Be extremely careful, investing in
securities carries a high degree of risk; you may likely lose some
or all of the investment.
View original
content:https://www.prnewswire.com/news-releases/growing-more-with-less-imf-highlights-efficiency-in-agriculture-with-agritech-advances-302149121.html
SOURCE USA News Group