Chinese company Longping Hi-Tech will acquire a 90% stake in the Cereal Ouro soybean seed processing plant in Río Verdi, Goiás, Brazil, marking the entry of Longping Hi-Tech into a new market segment in Brazil.
图片来源:Cultivar Magazine
Although Longping Hi-Tech does not yet sell soybean seeds in Brazil, the company has been investing in genetically modified soybeans and plans to sell related products in 2026. Last year, Longping Hi-Tech has opened R&D centers in Balsas, Maranhão, Formosa, Goiás and Río Verdi, and the R&D center in Rolandia, Paraná, is expected to be completed in 2024.
At present, Longping Hi-Tech ranks third in the Brazilian corn seed market, behind Corteva of the United States and Bayer of Germany, and ahead of Syngenta.
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Source: Fórum Macau, Economic and Trade Co-operation and Talent Information of Portuguese-speaking Countries in China
Editors of this issue: Ding Jiahui and Wei Rong
Review in this issue: Zhai Yiting
Producer of this issue: Jiang Shanjun
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