On July 15, Bayer issued a statement saying that it has signed an exclusive license agreement with European wheat seed company RAGT, with the goal of simultaneously expanding the sales scale of hybrid wheat seeds in Europe and North America by the early 2030s. The agreement covers licensing of wheat germplasm resources tailored to the European environment. Bayer said its company aims to achieve an annual revenue of up to 1 billion euros from hybrid wheat by the mid-2040s.

On July 15, Bayer issued a statement saying that it has signed an exclusive license agreement with European wheat seed company RAGT, with the goal of simultaneously expanding the sales scale of hybrid wheat seeds in Europe and North America by the early 2030s. The agreement covers licensing of wheat germplasm resources tailored to the European environment. Bayer said its company aims to achieve an annual revenue of up to 1 billion euros from hybrid wheat by the mid-2040s.