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BioGene Technology (ASX:BGT) - CEO & Managing Director, Richard Jagger - The Market Herald
CEO & Managing Director, Richard Jagger
Sourced: The Australian
  • Ag-tech developer Bio-Gene Technology (BGT) has confirmed its Flavocide technology continues to control stored grain pests after a 13-month trial
  • This trial began in January 2019 and was designed to confirm that Flavocide could control Australia's most commonly stored grain pest, the Lesser Grain Borer
  • The positive data means agricultural companies can store grains for longer - giving them more flexibility
  • In Australia, there have been cases of up to 70 per cent of grain lost due to pests
  • Flavocide's aim is to create formulations that control the full range of pests
  • Bio-Gene is up a healthy 16.7 per cent and shares are trading for 14 cents each

Ag-tech development company Bio-Gene Technology (BGT) has confirmed its Flavocide technology continues to control stored grain pests after a 13-month trial.

In December 2019, Bio-Gene announced trial results that confirmed Flavocide successfully controlled this key stored grain pest, the Lesser Grain Borer, over a nine-month period. Nine months is considered a key industry standard for any new grain protectant wanting to enter the market.

This stored grain trial began in January 2019 and was designed to confirm that Flavocide could control Australia's most commonly stored grain pest, the Lesser Grain Borer.

"The residual efficacy over 13-months is highly encouraging because it further strengthens the commercial viability of our technology in stored grain," CEO Richard Jagger said.

The data means that industry participants can store grains for longer if they choose. This gives them shipment flexibility as well as flexibility to stockpile grains if necessary.

"These results serve as an excellent basis for the collaborative trial program which began in January this year with BASF, DAF and GRDC that is assessing our technology against a full range of pests," Richard stated.

The collaboration trial with chemicals company BASF, the Department of Agriculture & Fisheries Queensland Government (DAF) and the Grains Research & Development Corporation (GRDC) aims to determine what the best combination is of Flavocide and other chemical groups to generate commercial products to protect grain from all major grain storage pests.

In Australia, the incidence of pest resistance is rising. In some cases, losses of up to 70 per cent of grain in storage have been attributed to pests.

Flavocide's aim is to create formulations that will enable control of the full range of pests.

Bio-Gene is up a healthy 16.7 per cent and shares are trading for 14 cents each at market close.


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