Wednesday 25 August 2010

Plant Impact Lands Syngenta Deal in Brazil

Plant Impact (LON:PIM) announced this morning that it had teamed up with Syngenta Brazil to carry out field trials on its ecologically friendly crop nutrition and protection products CaT and PiNT.

The two will be used on corn, cotton and coffee crops as part of what the company calls a “significant programme”. However the study will initially focus on 4,000 hectares of soybean production.

Plant Impact has received “resource commitments” from Syngenta, while a large number of local farmers will take part in the trials.
Once the programme is completed it opens up an initial target market of three million hectares of soybean production, one million hectares of corn and 300 hectares of both cotton and coffee.

However this just scratches the surface as Brazilian farmers grew around 21 million hectares of soybean, 14 million hectares of corn, two million hectares of coffee bean and one million hectares of cotton in 2008.

Plant Impact will receive support for its programme from EMBRAPA, the state-owned agricultural research company.

EMBRAPA will conduct official independent trials into important Brazilian crops and provide further support for the registration of Plant Impact's technologies, the company said.

Chief executive Peter Blezard said: "This is an excellent development for the company.

“Brazil is a very important agricultural country and for Plant Impact to have key partners in such a significant agricultural market is tremendous news.

“Plant Impact started developing commercial relationships with the Brazilian market last year and the field trials with Syngenta is evidence of the progress made to date".

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