Market News
Genetically Modified Seeds Market Key Developments:
- In November 2014, Maharashtra Hybrid Seeds Company Limited (Mahyco), a leading agri-biotech company based in India focused on production on GM crops, acquired 60% stake in Quton Seed Company (Pvt.) Limited, a Zimbabwe-based seed company. Quton is focused on research & development activities in order to provide superior quality seeds to farmers and improve productivity. Therefore, this acquisition is expected to strengthen Mahyco presence in Africa genetically modified seeds market over the forecast period.
- In October 2015, Syngenta announced expansion of its corn traits licensing agreement with KWS SAAT SE & Co. KGaA and Limagrain and their joint ventures AgReliant and Genective respectively. Under this agreement, Syngenta will provide worldwide rights to its current as well as future GM corn traits portfolio. The agreement is valid for next 20 years and covers the AgReliant business in North America and the individual operations of the two companies outside North America.
- In June 2018, Bayer AG, a German based life science company, successfully completed the acquisition of Monsanto Company. Monsanto is an agrochemical company and focused on agricultural biotechnology and on developing GM seeds. Therefore, this acquisition is expected to strengthen Bayer’s position in global GM seeds market.
