News last update:6 Aug 2012

ABB signs grain deal with university

ABB Grain Limited, based in Adelaide, Australia has signed a AUS$5.7 million (US$5 million) research deal with the University of Adelaide.

The money will be spent to research new varieties of grain to be grown in areas of South Australia, Victoria and New South Wales.

ABB director Andy Barr said to news agency AAP his company would contribute "cash and in-kind support for the research." He said the company would benefit from a "...share in any revenue received from varieties released during the life of the agreement through revenue of seed sales, a share of breeder's royalties and fees for management of licensing growers and collection of the breed royalty."

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ABB Grain Limited

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(Source: APP)

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