Bioceres Crop Solutions Announces Regulatory Approval of HB4® Soy in China
China´s Ministry of Agriculture clearance enables import of soybeans produced using Bioceres´ drought tolerance HB4® technology
Bioceres Crop Solutions Corp. ("Bioceres" or the "Company") (NASDAQ:BIOX), a fully-integrated global provider of crop productivity solutions designed to enable the transition of agriculture towards carbon neutrality, announced today that China´s Ministry of Agriculture has publicly communicated its decision to approve the import and use as a raw material of soybeans produced using Bioceres´ proprietary drought tolerance technology, HB4®. Beijing Da Bei Nong Science and Technology Group Co. Ltd., Bioceres´ partner leading the regulatory efforts in China, confirmed the approval.
Argentina approved HB4® Soy for growth and consumption in 2015; unrestricted commercialization of HB4 Soy seeds in Argentina had been subject to Chinese import approval. HB4® Soy is now approved for unrestricted growth and commercialization in the United States, Canada, Brazil, Argentina and Paraguay, all together representing roughly 85% of the global soybean trade.
The Company will provide further comments on the approval and the impact on its business plans in the upcoming financial results conference call scheduled for May 12th 8.30 am EDT.
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.
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