IRRI, Tao Corporation sign pact for the commercialization and distribution of elite hybrid rice varieties across the Philippines |
The International Rice Research Institute (IRRI) and the Tao Commodity Trader, Inc. (TCTI) – a subsidiary of Tao Corporation (http://www.taocommunity.com/home), one of the Philippines’ Top 500 diversified business groups – have signed a seven-year Limited Exclusivity Commercial License Agreement to promote the commercialization and nationwide distribution of seeds of three IRRI-developed elite rice hybrids: Mestiso 71, Mestiso 77, and Mestiso 89. |
Figure: Partnership seen to give local rice farmers better access to seeds of high-yielding and climate-resilient hybrid rice varieties that, in the long run, will help make rice production more sustainable and profitable for rice producers and more affordable for rice consumers.
IRRI Headquarters, Los Baños, Laguna, Philippines, 30 July 2019 – The International Rice Research Institute (IRRI) and the Tao Commodity Trader, Inc. (TCTI) – a subsidiary of Tao Corporation (http://www.taocommunity.com/home), one of the Philippines’ Top 500 diversified business groups – have signed a seven-year Limited Exclusivity Commercial License Agreement to promote the commercialization and nationwide distribution of seeds of three IRRI-developed elite rice hybrids: Mestiso 71, Mestiso 77, and Mestiso 89. The agreement was formally signed by Dr Peter Brothers, IRRI Chief of Staff and representing IRRI’s Director-General, and Mr Julio Sy,Jr., TCTI Chief Executive Officer, on July 30 at IRRI’s Headquarters in Los Baños, Laguna.
The selected hybrid rice varieties are bred for higher yield, superior grain quality, improved pest and disease resistance, resilience to climate change-induced stresses, and higher seed production, traits that could help farmers increase their yields and incomes by up to 20%. Hybrid rice technology has significant potential to improve rice productivity and contribute to a rice self-sufficient Philippines.
The agreement was made possible through the IRRI-led Hybrid Rice Development Consortium (HRDC) (hrdc.irri.org), which has a key role in the development of elite hybrids suited to different agro-climatic conditions. Seed companies could apply to become members of the HRDC. And as members, seed companies are allowed wide, non-exclusive or limited-exclusive access to HRDC germplasm, with the end goal of accelerating the development and dissemination of new products to farmers. Under the agreement, TCTI will fully invest in scaled-up development, production, and distribution of seeds, as well as meeting seed sales objectives, for the three rice hybrids. TCTI will work with Aski Inc., a leading microfinance company with over 18,000 farmer-clients in the Philippines, to provide farmers with training, technologies, and financial services to help further spread the use of the selected rice hybrids’ seeds. As a member of the HRDC, TCTI also commits to contribute to the development of superior hybrid rice varieties.
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