Ceres Gets Funding From Brazil

Thousand Oaks-based agricultural biotech developer Ceres said this morning that its product development programs in Brazil are now being funded in part by that country. Ceres said it is expanding its product development programs in the country for sorghum and sugarcane, under funding from the Brazilian government's PAISS Agricola initiative. Ceres said the effort makes it eligible for approximately $34M in government subsidized loans. Ceres is developing seeds using biotechnology, aimed at energy production.