Syngenta, Apricus Seeds forge global licensing partnership

USA – Syngenta Vegetable Seeds has signed a strategic global licensing agreement with Apricus Seeds, securing exclusive access to Apricus’ advanced breeding pipeline for cucurbits.

The partnership aims to strengthen Syngenta’s offerings in watermelon, melon, and squash while expanding its reach to growers worldwide.

Matthew Johnston, Global Head of Vegetable Seeds and Flowers at Syngenta, highlighted the importance of collaboration in the industry.

“We’re thrilled to embark on this partnership with Apricus Seeds and explore opportunities to innovate together and deliver the best seed genetics to growers,” he said. “Industry collaboration is essential to serving growers of every type around the world. No single company has all the solutions, and we’re proud to partner across the industry to help bring more solutions to our customers.”

Apricus Seeds, founded in 2020 and headquartered in Woodland, California, specializes in developing high-quality germplasm for cucurbits.

The company’s core breeding programs and research fields support its proprietary hybrid and open-pollinated seeds, which are sold across North America, South America, Europe, and the Middle East.

Larry Fernandez, CEO of Apricus Seeds, expressed enthusiasm for the partnership. “Partnering with Syngenta is a natural next step in the evolution of Apricus,” he stated.

“We’ve quickly built a strong portfolio of high-quality seeds, and this partnership will allow us to get our seeds into the hands of more growers around the world. We look forward to continuing to innovate together in the years to come.”

This development aligns with the company’s growth. Syngenta Group announced its financial results for the third quarter and the first nine months of 2024. Sales for Q3 remained steady at USD 6.8 billion, a 4% increase at constant exchange rates (CER).

However, sales for the first nine months fell to USD 21.4 billion, marking a 12% decline year-on-year. Adverse weather conditions, declining crop prices, and sustained price pressure in key markets impacted demand for crop protection products.

Despite these challenges, Syngenta reported signs of recovery in the crop protection market. Channel inventories are approaching normal levels, and the company anticipates a more robust recovery after the first half of 2025, supported by reduced overcapacity and stabilizing crop prices.

To adapt to the changing market, Syngenta has implemented measures to improve profitability and streamline operations.

These initiatives include optimizing working capital and enhancing cash flow management, aligning with the company’s broader strategy to navigate market fluctuations effectively.

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