SOURCE: Agria Corporation

Agria Corporation

February 18, 2013 05:00 ET

Agria Announces Completion of Contracting Process for Primary Growth Partnership Program for Seed and Nutritional Technology Development Between PGW Seeds and New Zealand Ministry for Primary Industries

BEIJING--(Marketwire - Feb 18, 2013) - Agria Corporation (NYSE: GRO) (the "Company" or "Agria") today announced that the seeds division of its majority-owned subsidiary, PGG Wrightson Limited ("PGW Seeds"), has completed the contracting process for a Primary Growth Partnership program (the "PGP Program") with the New Zealand Ministry for Primary Industries. PGW Seeds is spearheading the PGP Program with Grasslanz Technology Limited, a New Zealand government-owned company engaged in science and research, to deliver innovative forages for New Zealand farms. The PGP Program is valued at NZ$14.6 million, with government PGP funding contributing NZ$7.15 million over six years.

The seed and nutritional technology development PGP Program aims to develop new technologies that improve animal productivity and animal health, while overcoming adverse environmental impact. It consists of five projects focused on the development and adoption of technologies that provide benefits to New Zealand's pastoral sector through:

  • more reliable and faster pasture establishment;
  • increased pasture productivity and persistence through reducing the impact of pests and diseases;
  • improved animal health and animal productivity;
  • lower greenhouse gas emissions; and
  • reduced susceptibility to summer drought stress.

The PGP program is expected to provide farmers with technologies for improved productivity and profitability across regions and farming systems where pasture renewal occurs. Information sharing and closer linkage with other Primary Growth Partnership initiatives, particularly around the adoption of new technologies by farmers, may provide additional benefits. 

About Agria Corporation

Agria Corporation (NYSE: GRO) is an agricultural company with operations in China and internationally. Agria operates three principal business lines: China seeds, international seeds and agriservices. In China, Agria engages in research and development, production and sale of seed products, including field corn seeds, edible corn seeds and vegetable seeds. Agria owns through Agria Asia a 50.22% equity interest in PGG Wrightson Limited, New Zealand's largest agricultural services company. For more information about PGG Wrightson Limited, please visit For more information about Agria Corporation, please visit

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