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Biotech firm Ceres to expand sorghum, sugarcane research in Brazil under innovation grant

10:18 AM MDT | July 28, 2014 | Francinia Protti-Alvarez

Over the next four years, Ceres (Thousand Oaks, CA)  will enhance its product-development programs in Brazil and expand its development activities in biotech traits for sorghum and sugarcane, the company announced today. The programs will now be funded in part under the Brazilian government's Paiss Agricola initiative, which promotes agricultural innovations in sugarcane as well as other energy crops, the company says. Under Paiss, Ceres is eligible for a multiyear credit facility of up to 75.4 million reais ($33.4 million) at a government-subsidized...

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