North America Seed News

Recent industry report about North America Seed company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ North America Seed Market industry experts.

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North America Seed News

  • July 2023: BASF expanded its Xitavo soybean seed portfolio with the addition of its 11 new high-yielding varieties for the 2024 growing season, featuring the Enlist E3 technology to combat difficult weeds.
  • June 2023: Syngenta opened a new R&D facility in Northern Illinois, United States, which provides opportunities for regenerative agriculture practices through farmer collaboration.
  • June 2023: Syngenta Seeds launched a new conventional soybean brand, "Silverline," into the Canadian market. This brand offers high-protein soybeans and NK-treated soybean varieties.
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March 2022: Corteva introduced the Inzent trait sorghum variety under the Pioneer brand. The variety controls yield-depleting annual grasses such as foxtail, barnyard grass, and panicum.

March 2023: PGG Wrightson Seeds, a subsidiary of DLF, has successfully developed the new GT07 phalaris variety. This variety exhibits greater persistence and market potential, particularly under Australia's changing climate conditions. The development of GT07 was made possible through collaboration with CSIRO's breeding program.

July 2022: Corteva Agriscience introduced Bovalta BMR (brown midrib) corn silage product designed to meet the highest standards for yield and milk production.

  • May 2023: The Moroccan government allocated 16.9 billion dirhams (€1.54 billion) to the Moroccan Interprofessional Olive Federation for irrigation investments. Officials report that while 37.5 percent of the nation's olive groves, covering 450,000 hectares, are irrigated, these groves contribute to 50 to 60 percent of the country's total olive production.
  • January 2022: The European Bank for Reconstruction and Development (EBRD) confirmed a new USD 6.2 million loan to the Campagnie General des Industries Alimentaires(COGIA), one of the country's major food manufacturers, to help strengthen the olive farming sector in Tunisia. These funds will be used to develop irrigation projects and foster production, bottling, and exports.
  • January 2024: Data from Mexico's Ministry of Agriculture and Rural Development reveals that the nation has solidified its status as the globe's second-largest producer and exporter of lemons and limes. With a commanding 20.5% share of the worldwide market, Mexico exported 716,163 tons of these citrus fruits, raking in a revenue of USD 838 million.
  • October 2022: SiCar Farms, one of Mexico's largest lime suppliers, has acquired 4,000 acres in the southeast region of Mexico. The company is constructing a state-of-the-art packinghouse facility on this land. This strategic investment aims to meet consumer demand consistently throughout the year, with a particular focus on the winter season.
  • May 2024: CASE IH has launched the new Axial-Flow Series 160 Automation harvesters in Brazil. The company has invested BRL 100 million in its Sorocaba plant to become the global production hub for these harvesters. The new harvesters feature advanced automation technology and are designed for simplicity and productivity.
  • August 2023: Mahindra and Mahindra Ltd introduced four new OJA tractor platforms in Brazil, aiming to improve agricultural practices. The OJA, Mahindra's lightweight tractor platform, was developed in partnership with Mitsubishi Mahindra Agriculture Machinery, Japan, with an investment of USD 145 million.
  • February 2024: John Deere and GUSS Automation introduced Electric GUSS, the world's first and only fully electric autonomous herbicide orchard sprayer, at the 2024 World Ag Expo in Tulare, California. Electric GUSS incorporates a spot spraying weed detection system that identifies chlorophyll in weeds, spraying only where detection occurs. This technology significantly reduces the overall application amount, leading to material savings of up to 90%, depending on weed pressure.
  • August 2023: The Massey Ferguson launched 500R Series Sprayer in North America at the 2023 Farm Progress Show. The sprayer features two models namely the MF 525R with a 740-gallon capacity and 212 HP, and the MF 530R with an 860-gallon capacity and 235 HP.
  • June 2023: Ecorobotix launched the precision sprayer, ARA, in North America. Using AI technology and its unique ultra-high precision spraying system, ARA can recognize individual plants, classify them in real-time and spray the weeds with a precision of 2.4x2.4in without affecting surrounding crops or soil.
  • May 2024: Brazil eliminated import tariffs on specific types of rice until the end of 2024. This measure aims to prevent shortages and reduce prices following floods in Rio Grande do Sul state, a major rice-producing region. The exemption applies to HS codes 10061092 and 10062020, which previously incurred a 9% tariff, and 10063021, which had a 10.8% tariff.
  • January 2023: Brazil's rice exports surged in 2022, reaching 2.1 million metric tons, according to the Brazilian Rice Industry Association (Abiarroz). This represents an increase of nearly 85% compared to the export volume in 2021.
  • February 2024: At the German Hydrogen Summit, Fendt introduced its inaugural hydrogen-powered tractor. This tractor is integrated into the H2Agrar agricultural model project based in Lower Saxony, which focuses on researching hydrogen infrastructure tailored for agricultural applications.
  • November 2023: At AGRITECHNICA 2023 in Hanover, Germany, Tractors and Farm Equipment Limited (TAFE) unveiled its Electric Tractors and presented a conceptual Hydrogen Tractor.
  • July 2024: Syngenta introduced Pyrevert 5% EC, the market's most concentrated natural Pyrethrin. This product effectively manages pests, including aphids, whiteflies, thrips, cluster moths, leafhoppers, potato beetles, and vinegar flies.
  • April 2024: Corteva Agriscience introduced Hector, a novel corn herbicide, in Spain. Designed for post-emergence application, Hector effectively targets both broad-leaved and narrow-leaved weeds. Utilizing dual mechanisms of action—ALS inhibitors and synthetic auxin. Hector offers a broad control range and high selectivity, positioning it as the go-to solution for corn growers.
  • January 2024: ADAMA unveiled five new cereal fungicides in Europe, targeting critical diseases that affect crop yields during their reproductive phases. The newly introduced fungicides are Soratel, Maxentis, Forapro, Maganic, and Avastel.

North America Seed Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030