News

Seed sector accounts for losses due to piracy and floods in RS, Brazil

Published May 25, 2024

Tridge summary

The 3rd National Meeting of Soy Seed Producers in Foz do Iguaçu, Paraná, emphasized the importance of modern genetic seeds with biotechnology and addressed the issue of seed piracy, which resulted in losses worth 2.44 billion reais in 2023. The event brought together around 300 representatives from the sector and discussed advances in genetic improvement, technology, and high-quality seeds. However, the sector faces challenges such as financial difficulties, infrastructure damage, and potential La Niña impact, which may affect planting capacity and access to inputs next year.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Foz do Iguaçu, in Paraná, hosts the 3rd National Meeting of Soy Seed Producers (Enssoja). The event organized by the Brazilian Soy Seed Association (Abrass) brings together around 300 representatives from the sector. According to the entity's president, Gladir Tomazelli, the event highlights the need to value modern genetic seeds with biotechnology. “The value of a high-quality soybean seed cannot be confused with the value of a saved or pirated seed. This is a devaluation of the business, a loss of direct value in the seed business and indirect value in production and productivity. The one who loses is the one who plants.” In the 22/23 cycle, the total market for the soybean seed chain produced 55.3 million 40 kg bags, and generated 33.6 billion reais for the sector. However, one of the biggest challenges in the segment is the pirate market, which generated losses of 2.44 billion reais in 2023. “There is a loss due to non-payment of royalties, so the companies that develop the ...
Source: CanalRural
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.