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Plant Impact and Brazil's production surge

An agricultural boom in Brazil augers well for the crop enhancement specialist.
December 9, 2016

Plant Impact (PIM) has made an encouraging start to its 2017 financial year. Revenue and profit for the three-month period ended 31 October 2016 were consistent with full-year expectations, and the crop enhancement specialist’s AGM statement contained confirmation that it has received further committed orders for the group's flagship soybean crop enhancement product Veritas. It means that sales volumes of Veritas into Brazil over the entire growing season will meet expectations.

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John Brubaker, Plant Impact’s chief executive, said the group is also “making progress” towards planned expansion into “soybean markets in Argentina and the US and in West Africa” with Banzai, its cocoa yield product.