- Syngenta Seedcare to become the exclusive commercialization
distributor of Bioceres’s biological seed treatment solutions
globally
- Long-term R&D collaboration to accelerate global
registration of existing products and joint development of new
biological solutions
- Agreement brings together the world’s leading seed treatment
business with a leader in biological crop productivity
solutions
Customers seeking cutting-edge biological seed treatment
solutions will benefit from a global commercial and R&D
collaboration announced today between Syngenta Crop Protection’s
Seedcare business and Bioceres Crop Solutions (NASDAQ: BIOX), a
leader in biological crop productivity solutions.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220916005172/en/
Syngenta Seedcare and Bioceres Crop
Solutions collaborate to bring innovative biological seed
treatments to market (Photo: Business Wire)
Bioceres is a key provider of biological inoculants, including
rhizobia bacteria, which improve crop nutrition and support plant
growth. This seed-applied solution helps crops, such as soybean,
capture nitrogen from the atmosphere and significantly reduces the
need for nitrogen fertilizers – supporting regenerative
agriculture. Biological seed treatment products such as inoculants,
biocontrols and biostimulants are based on microorganisms, their
metabolites, plant extracts and other naturally occurring
materials. The global biologicals seeds treatment market is
projected to grow from $0.6bn in 2020 to $1.6bn by 2030.
The collaboration between Bioceres and Syngenta builds on a
successful commercial partnership of more than 20 years in
Argentina. Under the agreement*, Syngenta Seedcare will become the
exclusive global commercialization distributor for Bioceres’
biological seed treatment solutions, except in Argentina where they
will continue to collaborate under the existing framework. Under
the long-term R&D collaboration, the companies will jointly
undertake the development of new products while accelerating the
registration of products already in the pipeline.
Jonathan Brown, Global Head of Syngenta Seedcare said, “The
agreement with Bioceres furthers our strategy to provide growers
with more complementary choices to manage pest resistance and
improve crop health. We draw strengths from our longstanding
relationship with Bioceres and are fully committed to providing
growers with more sustainable innovations to further improve seed
health.”
“This announcement shows the value of our commercial offerings
and R&D capabilities, and greatly expands and accelerates our
ability to reach more growers through the global reach of Syngenta
Seedcare,” said Chief Executive Officer of Bioceres Federico
Trucco. “Biological products play an important role in offering
growers new solutions to increase crop yields while reducing
agriculture’s environmental footprint. We believe this
collaboration with Syngenta will allow us both to advance those
goals more rapidly in a time of significant global need for new
solutions.”
Syngenta Seedcare and Bioceres will expand their cooperation in
key markets such as Brazil and China, as well as in other regions
around the world. Implementation of the agreement will be subject
to regulatory clearances.
*Bioceres will retain global rights to use its biologicals
solutions on HB4® crops, which have been modified to better
withstand drought events. The portfolio of Marrone Bio Innovations,
recently acquired by Bioceres and commercialized by ProFarm Group,
one of Bioceres’ main subsidiaries is also outside the scope of the
current agreement.
About Syngenta
Syngenta is one of the world’s leading
agriculture companies, comprised of Syngenta Crop Protection and
Syngenta Seeds. Our ambition is to help safely feed the world while
taking care of the planet. We aim to improve the sustainability,
quality and safety of agriculture with world class science and
innovative crop solutions. Our technologies enable millions of
farmers around the world to make better use of limited agricultural
resources. Syngenta Crop Protection and Syngenta Seeds are part of
Syngenta Group. In more than 100 countries we are working to
transform how crops are grown. Through partnerships, collaboration
and The Good Growth Plan we are committed to accelerating
innovation for farmers and nature, striving for regenerative
agriculture, helping people stay safe and healthy and partnering
for impact. To learn more visit www.syngenta.com and
www.goodgrowthplan.com.
Follow us on Twitter at
www.twitter.com/Syngenta, www.twitter.com/SyngentaUS and on
LinkedIn at www.linkedin.com/company/syngenta
About Bioceres Crop Solutions
Corp.
Bioceres Crop Solutions Corp. (NASDAQ:
BIOX) is a fully integrated provider of crop productivity
technologies designed to enable the transition of agriculture
towards carbon neutrality. To do this, Bioceres’ solutions create
economic incentives for farmers and other stakeholders to adopt
environmentally friendlier production practices. The Company has a
unique biotech platform with high-impact, patented technologies for
seeds and microbial ag-inputs, as well as next generation crop
nutrition and protection solutions. Through its HB4 program, the
Company is bringing digital solutions to support growers’ decisions
and provide end-to-end traceability for production outputs. For
more information, visit here.
Data protection is important to us. You are receiving this
publication on the legal basis of Article 6 para 1 lit. f GDPR
(“legitimate interest”). However, if you do not wish to receive
further information about Syngenta, just send us a brief informal
message and we will no longer process your details for this
purpose. You can also find further details in our privacy
statement.
Cautionary Statement Regarding Forward-Looking
Statements
This document may contain forward-looking statements, which can
be identified by terminology such as ‘expect’, ‘would’, ‘will’,
‘potential’, ‘plans’, ‘prospects’, ‘estimated’, ‘aiming’, ‘on
track’ and similar expressions. Such statements may be subject to
risks and uncertainties that could cause the actual results to
differ materially from these statements. For Syngenta, such risks
and uncertainties include risks relating to legal proceedings,
regulatory approvals, new product development, increasing
competition, customer credit risk, general economic and market
conditions, compliance and remediation, intellectual property
rights, implementation of organizational changes, impairment of
intangible assets, consumer perceptions of genetically modified
crops and organisms or crop protection chemicals, climatic
variations, fluctuations in exchange rates and/or commodity prices,
single source supply arrangements, political uncertainty, natural
disasters, and breaches of data security or other disruptions of
information technology. Syngenta assumes no obligation to update
forward-looking statements to reflect actual results, changed
assumptions or other factors.
©2022 Syngenta. Rosentalstrasse 67, 4058 Basel, Switzerland.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220916005172/en/
Syngenta Crop Protection Michelle Ng Head, External
Communications michelle.ng@syngenta.com
Bioceres Crop Solutions Paula
Savanti Investor Relations
investorrelations@biocerescrops.com
Bioceres Crop Solutions (NASDAQ:BIOX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Bioceres Crop Solutions (NASDAQ:BIOX)
Historical Stock Chart
From Jul 2023 to Jul 2024