Complix to Present at Upcoming BioEquity Europe 2013: http://t.co/jzPUX0k7Bp
FlandersBio informs you about important regional and national life sciences news. Send us your news. If your news is of interest to the life sciences community, we will post it on our website.
FlandersBio informeert u over belangrijk nieuws op het vlak van de biowetenschappen. Bezorg ons jouw nieuwtjes. Als het interessant is voor de sector, zullen wij het op onze website plaatsen.
Devgen nv (Euronext Brussels: DEVG) today announces the successful completion of the first sales season of its first hybrid pearl millet seed adapted to all pearl millet growing areas in India.
Until the market introduction of this new product, Devgen’s hybrid pearl millet seeds were suited only for the South of India (15% of the market). The new hybrid pearl millet seed is important for Devgen as it gives the company first time access to farmers in North India, which account for almost 85% of the 10 million hectare pearl millet market. Devgen is now in a position to significantly increase its sales of hybrid pearl millet seeds throughout India.
In its first sales season the new seed was purchased, planted and harvested by over 15,000 farmers across all the pearl millet growing areas in India. The feedback from farmers was very encouraging, referring to a number of advantages over currently available products including higher yields of premium grain and fodder combined with desirable colour and quality.
“The successful development of our new hybrid pearl millet is another important validation of Devgen’s ability to innovate. The positive feedback across growing areas reinforces our view that over the next few seasons this hybrid has the potential to substantially increase our share of the hybrid pearl millet seed market”, Thierry Bogaert, CEO of Devgen, stated.
Pearl millet is an important food crop in India as it requires less water than many cereal crops and is able to survive at high temperatures making it ideal for cultivation under dry conditions. The total hybrid pearl millet seed market in the country has an estimated potential volume of between 15.000 and 25.000 tons of seed per year.
“Shaping the field of hybrid rice across India and South East Asia”
Devgen’s mission is to deliver the next green revolution in rice to farmers in India and Southeast Asia.
Devgen uses advanced biotechnology and molecular breeding technology to develop Next Generation Hybrid Rice (NGHRTM) seeds and crop protection solutions with a superior environmental profile:
Incorporated in 1997, Devgen has offices in Ghent (Belgium), and has subsidiaries in Singapore, Hyderabad (India), Yogyakarta (Indonesia), General Santos (the Philippines) and Delaware (US), totaling over 250 staff.
Tags: new products