SAO PAULO, BRAZIL — Bayer said it expects its genetically modified soybean will account for about 10% of Brazil’s total soy planted area in 2022-23, Reuters reported.
The Intacta2 Xtend soybean variety could be sowed on 4.3 million hectares compared to 243,00 hectares in the previous crop year.
The news comes after the seed was tested in more than 500 areas across Brazil over the last two years. Dozens of producers had averages of 100 60-kg bags per hectare, Bayer said.
Some producers have achieved more than 120 bags per hectare, the company said. According to the country's food supply agency Conab, the yield would be nearly double that of Brazil's average, estimated at 59 bags per hectare.