Bioceres Soars as China Approves Drought-Resistant Soy Seeds
- HB4 strain is the first of its type made available to farmers
- China approval paves the way for broader global adoption
A farmer walks through a soybean field during a heat wave in San Antonio de Areco, Buenos Aires province, Argentina, on Tuesday, Jan. 11, 2022.
Photographer: Anita Pouchard Serra/BloombergThis article is for subscribers only.
Argentine biotechnology firm Bioceres Crop Solutions Corp. scored a big win Friday after China approved imports of the company’s drought-resistant soybean strain. The stock had its biggest jump in more than a year.
China’s Agriculture Ministry approved the HB4 strain of soy developed by Bioceres, according to a document posted on its website. HB4 is the first drought-resistant soy available to farmers and the endorsement from China -- the world’s largest consumer of soybeans -- could bring broader acceptance for the genetically modified seeds around the world.