Bioceres announced that it received regulatory approval from the Argentine Ministry of Agriculture for its HB4 technology for wheat cultivation, a unique drought tolerance technology worldwide. It is the result of a public-private collaboration of more than 15 years between the company and the research group of Dr. Raquel Chan (Conicet-Universidad Nacional del Litoral), responsible for the discovery. The HB4 wheat varieties are developed by Trigall Genetics, a joint-venture between Bioceres and Florimond Desprez of France, one of the world’s leading companies in wheat genetics.

The decision of the Argentine regulatory authority comes after the approval of HB4 in soy, which has already been granted in the countries with the highest world production of this crop, including Argentina, the United States, Brazil and Paraguay, which represent approximately 80 percent. of global soybean production.

The marketing of HB4 wheat in Argentina is conditional on approval for import by Brazil, a country that buys approximately 85 percent of the wheat it consumes from Argentina.

Furthermore, the deregulatory process for HB4 wheat has already been initiated in the United States, Uruguay, Paraguay and Bolivia. The Company is also preparing presentations for Australia and Russia, as well as other countries in Asia and Africa.

In production lots and field trials conducted over the past 10 years, HB4 wheat varieties showed yield improvements of an average of 20 percent in drought situations. The incidence of this phenomenon has increased in frequency in the context of global climate change, increasingly affecting the stability of agricultural ecosystems.