- Posted by Marina
This week in Argentina, the release of the world's first transgenic wheat was announced. The HB4 technology, developed by Bioceres, received regulatory approval from the Argentine Ministry of Agriculture and has drought tolerance.
The research group of Dr. Raquel Chan, from Conicet (Universidad Nacional del Litoral), was responsible for the discovery, in partnership with the company. The HB4 wheat varieties are developed by Trigall Genetics, a joint venture between Bioceres and Florimond Desprez de France, one of the world's leading companies in wheat genetics.
In addition to wheat, HB4 technology has also been released by Argentine regulatory authorities for soybeans. This genetic modification has already been released in the countries with the greatest worldwide production of the crop, including Argentina, the United States, Brazil and Paraguay. The sale of HB4 wheat in Argentina is subject to approval for importation by Brazil - responsible for buying about 85% of the production in the neighboring country.
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According to the manufacturer, in production batches and field tests carried out in the last 10 years, the HB4 wheat varieties showed improvements in yield of an average of 20 percent in drought situations. The incidence of this phenomenon has been increasing in frequency in the context of global climate change, increasingly affecting the stability of agricultural ecosystems.
Bioceres was founded in December 2001 in Rosario, Argentina, by agricultural producers and today has more than 300 shareholders, including agricultural producers, cooperatives, agro-industrial groups and other actors in the scientific and financial sector. It is the majority shareholder of Bioceres Crops Solutions Corp - the first Latin American biotechnology company for agriculture to be listed on the New York Stock Exchange.