Longping look to growing Brazilian corn ethanol industry to help double market share

May 30, 2018 |

In Brazil, Reuters reports that the new Chinese owners of DowDuPont’s Brazilian seed business Longping are looking to double their market share in the country’s corn seed market to 30% from the current 15% partly on the back of growth in the corn ethanol sector in the center-west region. The company is also looking to get into soybean seed as it sees the two crops as interlinked in Brazil, so for its corn business to grow it must also supply soybean seed.

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