Verdeca, a joint venture between Arcadia Biosciences and Bioceres Crop Solutions, has successfully completed the regulatory review process and received approval for its HB4 drought and herbicide tolerant soybeans from the Paraguayan Minister of Agriculture, through the National Commission for Agricultural and Forestry Biosafety.
The HB4 stack is Verdeca’s newest product release from its pipeline of traits developed to benefit soybean producers through quality improvement, stress mitigation, and management practices.
“HB4 is a novel soybean trait that enhances the traditional herbicide tolerance package to provide yield stability across diverse environments,” said Martin Mariani Ventura, general manager of Verdeca. “Approval of this technology in Paraguay is another significant step for the successful commercialization of HB4 technology in the South American soybean market.”
With this approval, the HB4 trait now has regulatory approval in more than 80% of the global soybean market. The HB4 trait has already been approved in the United States, Argentina, and Brazil, with regulatory submissions currently under consideration by China, among other relevant production and consumption territories.
“Trials in Argentina and Brazil have shown a positive impact of the HB4 trait stack on soybean yields,” said Matt Plavan, president and CEO of Arcadia Biosciences. “We’re seeing remarkable excitement in the market from potential seed distribution partners and farmers wanting to grow our drought tolerant and herbicide resistant crop.”
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