Premium agricultural chemicals company, Syngenta AG SYT is set to equip Vietnam’s corn farmers with new agricultural technology that will facilitate greater yield as well as better quality of crops. Vietnamese Ministry of Natural Resources and Environment recently approved the company’s Bt11 x GA21 double stack corn seed for marketable cultivation within the country.
Insights
Corn hybrids with Bt11 trait would help control the presence of Asian Corn Borer, the most destructive corn pest found in Association of Southeast Asian Nations (‘ASEAN’) countries. GA21 glyphosate tolerance of these seeds, on the other hand, would support greater flexibility in weed management, thereby driving higher crop growth.
Amid the ever-increasing world population, countries seek to achieve self-reliance in food productivity. At this juncture, Syngenta’s attempt to invent more efficient forms of corn traits will support greater food security for the economies. The news of the approval indicates the company’s invention competency in the global forum.
Moving Forward
Syngenta is a popular provider of agro-based solutions, with a global network of branches. The company, with an aim to improve crop productivity without hampering the natural environment, develops and trades certain types of genetically modified corn traits. In 2012, the company had introduced a new, genetically adapted MIR162 corn trait under the brand name of Agrisure Viptera. This substance forms the primary constituent of Syngenta's insect-controlling chemicals and helps farmers to keep a check on corn pests. As a result, it improves the overall crop yield. Scheduled to arrive in the market by 2015–2016, Bt11 x GA21 double stack corn seed trait is expected to drive considerable improvement in the quality and productivity of corn as well as enhance its product offering in Vietnam.
With a market capitalization of $30.59 billion, Syngenta currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry includes Cosan Ltd. CZZ, First Majestic Silver Corp. AG and Air Products & Chemicals Inc. APD. All the three stocks hold a Zacks Rank #2 (Buy).
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