CERES EXPANDS PRODUCT DEVELOPMENT ACTIVITIES

摘要

Agricultural biotechnology and seed company Ceres Inc. is expanding its current research activities in Brazil. It said it will enhance its product development programs in the country and expand its development activities in biotech traits for sorghum and sugarcane over the next four years. The programs will now be funded in part under the Brazilian government's PAISS Agricola initiative, which promotes agricultural innovations in sugarcane as well as other energy crops. Under the PAISS program, Ceres is eligible for a multi-year credit facility of up to BRL75.4 mln ($1=BRL2.28) at a government-subsidised, preferential interest rate.