BASF/Embrapa seek 30% Brazilian soy market
BASF expects to cater for 20-30% of the Brazilian soybean market with the first Brazilian-developed genetically modified crop. The company and the product co-developer, the Brazilian agricultural research corporation, the Embrapa, told business newspaper Valor Economico that it was delaying plans to launch GM imidazolinone herbicide-tolerant soybeans in 2012/13 ( Agrow No 603, p 21) because of the need to wait for its approval in key export markets, such as China, the EU and the US. The products are to be marketed as Cultivance technology ( Agrow ibid). A “symbolic” amount of the seed will be planted this year, the newspaper reports. Only Monsanto so far supplies GM soybeans in Brazil.