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Bioceres Crop Solutions faced a 16% stock drop due to missed HB4 wheat earnings estimates.
Bioceres Crop Solutions, an Argentine biotech firm, faced a nearly 16% stock drop after its GMO HB4 wheat earnings missed estimates.
Despite U.S. approval for HB4 cultivation, CEO Federico Trucco indicated it may take two to three years to adapt the wheat for American farmers.
The company must also address concerns about GMO wheat and high royalties to enhance its market presence in Argentina and potentially export to other countries.
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Bioceres Crop Solutions se enfrentó a una caída de existencias del 16% debido a las estimaciones perdidas de las ganancias de trigo HB4.