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Ceres, Inc. Announces Fiscal Third Quarter 2013 Financial Results



7/12/2013 6:29:44 AM

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Energy crop company Ceres, Inc. (Nasdaq:CERE) today announced financial results for the quarter ended May 31, 2013 and provided an update on its business in Brazil, its largest immediate commercial opportunity.

The company reported that its mill customers in Brazil have made continued progress in crop performance this season, which concluded in May. For mills that reported results, yields of sugars that can be fermented into ethanol were approximately 50% higher on average across mill locations than the previous season primarily as a result of product improvements related to biomass quality and productivity, better crop management and favorable growing conditions at most planting locations.

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