Monsanto bullish on Indonesia’s biotech corn seed market

31.03.2017

Monsanto Indonesia is bullish about the market potential of biotech corn seeds in Indonesia. Ganesh Pamugar Satyagraha, President Director said it has been developing the seed since 2000 with an investment of around USD 75 million per year for research and development. Biotech corn seeds can produce 10-15 tonnes of corn per ha, compared to 5-8 tonnes with hybrid seeds. Pushing the government’s corn self-sufficiency program through land expansion alone is not enough, according to Mr Satyagraha.

“We need to invest in technology, and biotech corn seeds is one of them.” In Southeast Asia, Vietnam and the Philippines have adopted the technology, while the US has been using biotech corn seeds for about 20 years. In Indonesia, the use of biotech corn seed is pending approval from the Indonesian Biosafety Clearing House.



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