Ceres Shares Rise 10% in Pre-Market on Announcement of Joint Market Development Agreement in Brazil with Sygenta
October 23, 2013 at 09:23 AM EDT
Energy crop company Ceres (NASDAQ: CERE ) and Syngenta announced today that they have extended a joint market development agreement in Brazil. The companies will move forward with their efforts to promote the use of both sweet sorghum and high biomass sorghum at Brazilian ethanol mills. Under the renewed agreement,