GMOs boosted Brazilian agriculture by $3.6 bn
The adoption of agricultural biotechnology in Brazil has produced a cumulative gain of $3,600 million in the period between 1996/97-2008/9, according to new market research. Consultancy Celeres carried out a study on behalf of the Brazilian seed association, the Abrasem. The consultancy estimates that a further $47,900 million in savings and benefits will accrue from the use of GMOs in the country over then next decade, national business newswire DCI reports. The estimated benefits included improved yields and savings from a reduced use of pesticides.