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Bioceres Crop Solutions Corp. Announces Regulatory Approval of Drought Tolerant HB4® Wheat in Argentina
HB4 trait increases wheat yields by up to 20% HB4 is world’s only drought tolerance technology for wheat and soybean crops Major technology milestone in
About this update from Bioceres Crop Solutions Corp.
[{"type":"text","content":"\nHB4 trait increases wheat yields by up to 20%\n\nHB4 is world’s only drought tolerance technology for wheat and soybean crops \n\nMajor technology milestone in global wheat value chain and related carbon emissions \n\n ROSARIO, Argentina--(BUSINESS WIRE)--\nBioceres Crop Solutions Corp. (“Bioceres” or the “Company”) (NYSE American: BIOX), a fully-integrated provider of crop productivity solutions designed to enable the transition of agriculture towards carbon neutrality, announced today that Argentina’s Ministry of Agriculture has granted approval of the Company’s HB4 Wheat ‘event’ for growth and consumption. Argentina is Latin America´s largest wheat producer and the world’s first country to adopt HB4 drought tolerance technology for this staple crop.\n\nThe country’s regulatory clearance follows approval of HB4 Soybean, which has been approved in other major production geographies, including the US and Brazil which, together with Argentina, represent nearly 80% of the world’s total soybean acreage. Commercialization of HB4 Wheat in Argentina is contingent upon import approval in Brazil, which purchases just over 85% of its wheat from Argentina. Currently, regulatory processes for HB4 Wheat also continue advancing in the US, Uruguay, Paraguay and Bolivia. Bioceres intends to initiate regulatory processes in Australia and Russia as well as certain countries in Asia and Africa.\n\nDrought-tolerant HB4 Wheat is a patented seed technology developed by Trigall Genetics, Bioceres’ joint venture with Florimond Desprez, a global leader in wheat genetics. In field trials conducted during the last 10 years, HB4 seed varieties increased wheat yields by 20%, on average, during growing seasons impacted by droughts. The incidence of drought has been increasing in frequency, as climate change worsens across the world, affecting the stability of agricultural ecosystems. In addition to mitigating production losses during drought conditions, HB4 also facilitates double cropping, which seasonally rotates soy and wheat, an environmentally friendly farming system that is otherwise limited by water availability. When combined with soil regenerative practices, such as no-till farming, a share cropping system made possible by HB4 seeds captures more carbon than conventional growing practices. For each acre farmed per year, the resulting sequestratio...