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May 28, 2014
07:38 EDTCERECeres' sorghum hybrids in Brazil show resilience to dry conditions
Ceres' sorghum hybrids appear to have rebounded from dry conditions in Brazil earlier in the season. Harvests are nearing completion and the company expects to announce final results by July. This season the company dispersed its field evaluations across a number of growing areas in south central Brazil in order to mitigate the impact of variations in weather conditions on the performance of its seed products. Sorghum also has a natural tolerance to hot and dry conditions. In addition to its customer evaluations, Ceres has a number of new sorghum hybrids moving forward in its product development pipeline.
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July 28, 2014
07:18 EDTCERECeres to expand sorghum and sugarcane development in Brazil
Ceres will enhance its product development programs in Brazil and expand its development activities in biotech traits for sorghum and sugarcane over the next four years. 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. Under the PAISS program, Ceres is eligible for a multi-year credit facility of up to approximately $34M, at a government-subsidized, preferential interest rate. The company was also awarded approximately $4.5M, in the form of non-repayable grants to be drawn over four years. Ceres expects to complete the application and grant award process by the end of the calendar year.

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