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Agro chems – Pesticides, E-commerce

There is urgent need for the continued development and commercialization of Bio Protection products to replace traditional pesticide use

Bionema Ltd, a leading UK-based bio pesticide technology developer, is working on effective, eco-friendly solutions to reduce the chemical residue on crops and increase organic food production. However, founder and CEO Dr Minshad Ansari is concerned that, although there are many products in development, the limited number of Bio Protection products currently registered for use in the UK and the EU is not fulfilling the current demand in the agriculture, horticulture, sport turf and forestry sectors. 

“The recent EU commitment to reduce pesticide use by 50 per cent within next 10 years is the right way forward, from an environmental and human health point of view, however BioProtection products cannot fill this gap in the market if the current lengthy, and costly, EU registration process continues. This takes much longer than US Environmental Protection Agency (EPA) registration,” Dr Ansari says.

 Despite a huge growth in the global BioProtection market, which is growing at an estimated 16 per cent CGAR and is expected to reach US$10 billion by 2025, there is urgent need for the continued development and commercialisation of BioProtection products not only to replace traditional pesticide use but, more-importantly, to increase overall food production as the world population is expected to reach nine billion by 2050. 

The Bionema technical team is currently working with growers, greenkeepers, sport turf managers and foresters by using a holistic technical and practical approach to combat the most damaging economic pests and diseases in their sectors, while helping to reduce pesticide residues in food and non-food crops. 

Bionema researchers, funded by Innovate UK, the Welsh Government, the Business Wales Accelerated Growth Programme (AGP) and Green investors, have already assessed hundreds of natural insect-killing fungi, nematodes and bacteria to investigate their commercial use potential for the management of pests and diseases. Its laboratory, glasshouse, and field trials, conducted in UK and in the EU, have shown promising results and key products are now going through EU registration. These product formulations were tested against major economic soil and foliar feeding insect pests in the horticulture, sports turf, and the forestry sectors, some which had developed pesticide resistance. 

Referring to the success of recent product trials, Dr Ansari says: “The use of nematodes with a biocompatible wetting agent, for example, successfully controlled vine weevils in soft fruits and ornamentals and also controlled chafer grubs and leatherjackets infestations in golf courses and pine weevils in pine forests. There are further efficacy trials planned over the next couple of years, which will include next generation product and formulation testing in the UK and overseas and we are looking forward to seeing positive results in the effective pest control of economically-damaging insects in high value crops.” 

 

There is urgent need for the continued

Pulses

Panelists see increasing competition on chickpeas sale in the global market

“THE KNOWLEDGE SERIES WEBINAR ON DESI AND KABULI CHICKPEAS” was conducted on August 20, 2020, by India Pulses and Grains Association (IPGA), the nodal body for India’s pulses trade and industry with over 850 participants from 25 countries. 


The webinar extensively covered topics like Chickpeas Production: India and other major origins, NAFED’s Procurement, Stock and Selling Policies, Implications of free distribution of Chana under PMGKY scheme, Global and Indian price outlook of Chickpeas, Chana supply and demand trends, India’s import policy and tariff, Kabuli Chana – Production and exports. On the panel were industry stalwarts, domain experts and international speakers. Dr N P Singh, Director, Indian Institute of Pulses Research said chickpeas have played a key role in the realization of the pulses revolution in India. 
 
Sunil Kumar Singh, Additional Managing Director, NAFED said chickpeas will take the center-stage from the production and consumption side. G Chandrashekhar, Economist and Agri-business specialist spoke about the interesting competition brewing between Australia and Russia on the global chickpeas platform. Sunil Sawla, Hon. Secretary, IPGA in his concluding remarks said the webinar was helpful to understand the increase in the local market prices of both desi chickpeas as well as Kabulis.
 

Panelists see increasing competition on chickpeas sale

E-commerce, R&D

Bio Reverse is a specially selected package of soil-borne microbes chosen for their ability to break down the cellulose and lignin in plant tissues 

 

 

The Andersons, Inc. announced the availability of its new biological product, Bio Reverse, which reverses nutrient tie-up in crop residue by enhancing residue breakdown. Maximizing residue breakdown post-harvest provides a better seedbed in the spring and releases valuable nutrients into the soil from the previous crop.

Bio Reverse is a specially selected package of soil-borne microbes chosen for their ability to break down the cellulose and lignin in plant tissues. The product is a liquid formulation with a significant volume of colony forming units (CFUs) to ensure excellent coverage and performance. Bio Reverse features an unprecedented shelf-life of two years or more, which means the microbes stay viable much longer and will be alive when applied.

“The application of Bio Reverse breaks down crop residues post-harvest, making nutrients more available the following season to meet crop needs,” states Sarah Pirolli, vice president of sales and operations for The Andersons Plant Nutrient Group. “The degradation of stalks also provides better seed-to-soil contact in the spring, helping to improve consistency of seed depth in the field.”

The consortium of microbes in Bio Reverse are in a robust sporulated form that provides ease of use and allows for any of the following application methods: broadcast with fall herbicides; mixed with liquid fertilizers; impregnated on dry fertilizers; included in pivot irrigation; or sprayed with any other carriers that may be applied in the spring or fall. The microbial strains in Bio Reverse survive cold weather, becoming dormant under sustained freezing temperatures. When the weather warms, the microbes in Bio Reverse become active again and continue colonizing the crop residue.

Bio Reverse is a specially selected package

E-commerce, IT

This partnership will enable shop owners to connect with the company digitally and seamlessly place orders. 

 

 

Shriram Farm Solutions (A Unit of DCM Shriram Ltd.) announced its first e-commerce collaboration in India, the company has partnered with a digital platform ’Plantix’, a subsidiary of a reputed AI-based German company.

Plantix is popular for its Farmer app through which farmers/extension workers can take pictures of the affected crops and they will be shown the most probable disease, nutrient deficiencies or relevant pests and the corresponding treatment measures.

Under the partnership, Plantix retailers can now place orders for Shriram brand seeds, crop protection and nutrition products directly through the Plantix Partner mobile app.

 In the current COVID-19 situation where the on-ground movement has been restricted, this partnership will enable shop owners to connect with the company digitally and seamlessly place orders.

 Sanjay Chhabra, Business Head & President, Shriram Farm Solutions, (A Unit of DCM Shriram Ltd.) said. “By leveraging the infrastructure of the AI-enabled Plantix platform, and integrating it with the Shriram’s new technology products and long-standing market reputation, we are confident that this association will bring great value to Indian Agriculture. Our primary focus is to bring convenience to our customers and enhance the ease of doing business in these challenging times. We are quite excited about this partnership.”

The operations have begun in Madhya Pradesh in the Kharif season which will expand in other regions soon.

 

This partnership will enable shop owners to

Agrotech, Trade

The export estimate of 50 lakh bales is higher by 8 lakh bales compared to that estimated for the 2018-19 crop year 

 

 

India’s annual cotton exports in the crop year (Oct-Sept) are likely to rise 19 per cent over 2019-20, a trade body said. The Cotton Association of India (CAI) has increased its estimate of exports. 

According to an official release from the CAI, “There is an increase of 3 lakh bales in the estimate of cotton export for the season made now compared to the CAI’s previous estimate of 47 lakh bales made during the last month on account of more favourable conditions for exports of cotton from India. This export estimate of 50 lakh bales is higher by 8 lakh bales compared to that estimated for the 2018-19 crop year. Up to 31st July, 43 lakh bales are estimated to have been shipped and shipment of further 7 lakh bales is estimated to take place during the months of August and September 2020.”

 CAI increased its estimates of cotton production by 19 lakh bales to 354.50 lakh bales of 170 kg each compared to its previous estimate last month. Estimated cotton supply from October last year to July 2020 is 392.40 lakh bales including import of 15 lakh bales and opening stock of 32 lakh bales. Domestic consumption estimated by the CAI for the entire crop year is 250 lakh bales, 30 lakh bales lower than the earlier estimates because the pandemic has hit sales.

The CAI has increased its estimate of cotton imports by 1 lakh bales to 16 lakh bales compared to its previous imports estimate of 15 lakh bales. “This import estimate of 16 lakh bales is just half of the previous year’s import estimate of 32 lakh bales. This decrease in the imports estimate for the season compared to the last year is mainly on account of easy availability of cheaper cotton in domestic market and relatively costlier imported cotton due to depreciation in the value of Indian Rupee. Up to 31st July, cotton imports are estimated at 15 lakh bales and the remaining 1 lakh bales are estimated to arrive Indian Ports during the months of August and September 2020,” CAI said.

 

 

 

The export estimate of 50 lakh bales

E-commerce, Seeds

Jute quality to be enhanced for export

Jute Corporation of India (JCI) will supply certified jute seeds to farmers as part of the initiative of the Ministry of Textiles to improve production of raw jute in the country. According to the Memorandum of Understanding (MoU) signed between JCI and National Seeds Corporation (NSC), the latter will ensure delivery of quality certified seeds to JCI. 

Speaking during the MoU signing ceremony, Union Minister of Textiles Smriti Zubin said there is immense potential for increasing the use of jute in lining of water bodies, building of roads and construction of structures to contain landslides in hilly areas. She stressed on the need to strengthen the export potential of the country in jute and its products. 
 
The MoU will ensure distribution of 10,000 Quintals of certified jute seeds of JRO-204 variety in the 2021-22 crop year which will benefit 5-6 Lakh farm families. The spurious seed market will be adversely impacted thereby augmenting the revenue of JCI. 
 
The increase in productivity will enhance the income of the farmers and will play a major role in reaching the target of doubling the farmers’ income by 2022.
 
 

Jute quality to be enhanced for exportJute

Agrotech

Shomita Biswas was addressing a webinar ‘Future Advancements in Farm Mechanization’, organized by FICCI 

 

 

Shomita Biswas, Joint Secretary (M&T), Ministry of Agriculture & Farmers Welfare, Govt of India, today said, “Advanced farm mechanization can improve the lives of farmers and agricultural workers. Digital agriculture – where farmers can use digital technologies to access useful information, particularly on weather, could revolutionize the agricultural sector.”   

Addressing a webinar ‘Future Advancements in Farm Mechanization’, organized by FICCI,  Biswas said, “The government initiatives towards farm mechanization aims at increasing the acceptance, adoption of mechanised farming in entire country. We need to collaborate with corporates and research institutes to provide advanced technical support to small and marginal farmers.” 

Highlighting the focus areas for farm mechanization, she said, “Cotton picking is one of the areas where farm mechanization is yet to be introduced and we have set short term and long-term goals to work in these sectors.”   

Biswas urged FICCI to develop a roadmap on farm mechanization and assured that the government will facilitate those segments that will help the country to move in the right direction.   

Dr K Alagusundaram, Deputy Director General (Agriculture Engineering), Indian Council of Agricultural Research-ICAR, GoI, said, “The farm size and area under cultivation will remain constant hence, productivity enhancement within the constant land area will be critical in the future. This signifies that agriculture will need a massive infusion of technology.” R&D for building high-efficiency farming machines and precision equipment for efficient farming will be important in days to come, he added.   

T R Kesavan, Chairman, FICCI National Agriculture Committee and Group President, TAFE Ltd., said, “Farm mechanization should be prioritized so as to reduce input cost for farmers and encourage soil management and water conversation.” He further said that the farmers need high-end technological solutions, which will help in reducing the cost of materials like soil, seeds, fertilizers, pesticides, and water.

He stressed that subsidies should be substituted with Direct Benefit Transfer (DBT) to farmers which can result in targeted delivery and eliminate waste. 

 Ravindra Agrawal, Managing Director, KisanKraft Ltd, said, “Our focus is on smaller and marginal farmers. We support the Atmanirbhar Bharat Abhiyan and will work with the government to develop a five-year road map for the farm mechanization sector.”  He further stated that the government should simplify approvals and licensing to promote R&D in farm mechanisation. 

Himanshu Goyal, India Sales and Alliances Leader, IBM Watson Media & Weather, said, “We are trying to get the best data on weather and soil to increase the efficiency of the farmers. We have launched the IBM Global High- Resolution Atmospheric Forecasting (IBM GRAF) that provides hyperlocal weather information to farmers, along with data on soil moisture and temperature, which aids farmers in making informed decisions on how and when to irrigate.”      

 Manohar Sambandam, Founding Partner & CEO, Green Robot Machinery Pvt. Ltd. said, “Agriculture Robotics is in its prime time for wider deployment in farms. As Robotics is reaching inflection point on economic viability, its robustness and readiness as a solution is increasing.”

Shomita Biswas was addressing a webinar ‘Future

Agrotech, Poultry

It will undertake the quality research, especially on factors affecting the quality meat production. 

 

Dr. Trilochan Mohapatra, Secretary (DARE) & Director General (ICAR) virtually inaugurated two important facilities developed by the ICAR-National Research Centre on Meat, Hyderabad namely – Poultry Processing Plant and Rendering-cum-Pet Food Plant.

In his address, Dr Mahapatra highlighted the Centre’s importance in the perspective of the present meat industry scenario. He urged for utilizing the developed facilities to undertake the quality research, especially on factors affecting the quality meat production. The Director General suggested to undertake the collaborative work for deducing strategies to expand the export base for Indian meat, allay the fears of consumers of linking COVID-19 with the meat consumption, studying the quality and branding of meat from indigenous poultry breeds. 

Dr B.N. Tripathi, Deputy Director General (Animal Science), ICAR applauded the Centre’s scientific achievements, technology transfer initiatives, extension activities, value-added meat products production, species identification services provided and the entrepreneurship development activities. He praised the Centre’s association with the agencies like FSSAI, APEDA, etc., and accreditation of the laboratories, publications and patents of the Centre. 

Dr Amrish Tyagi, ADG (ANP), ICAR urged for utilizing the facilities to achieve the intended need of promoting the hygienic meat production and profitable utilization of the animal by-products in the country. 

Earlier, in his welcome address, Dr S. Vaithiyanathan, Director, ICAR-NRC on Meat, Hyderabad expressed his gratitude to the ICAR for providing funds under the National Agricultural Innovation Fund Agri Business Incubator Project and the Institute Plan Fund for the facilities.The senior officials of ICAR also virtually participated in the programme.

It will undertake the quality research, especially

Agro Universities, Dairy, IT, R&D

 The NDRI Karnal and NARM, Hyderabad have partnered together for offering the MOOC on Commercial Dairy Farming. 

 

 

Commercial Dairy Farming: MOOC jointly launched by ICAR-NDRI and ICAR-NAARM. Dr B.N. Tripathi, Deputy Director General (Animal Science), ICAR and Dr R.C. Agrawal, Deputy Director General (Agricultural Education), ICAR & National Director, ICAR-NAHEP virtually launched the “Digital Content for offering the MOOC on Commercial Dairy Farming” today. The ICAR-National Dairy Research Institute, Karnal, Haryana and ICAR-National Academy of Agricultural Research Management, Hyderabad have partnered together in developing the digital content for offering the MOOC on Commercial Dairy Farming.

 In his address, Dr B.N. Tripathi stressed on the importance of such programmes for reaching the wider audience in the Dairy sector to generate employability. Dr R.C. Agrawal applauded the joint efforts of two ICAR Institutes in complementing each other with the domain knowledge and technology to develop the MOOC content and highlighted its relevance in the wake of the New Education Policy.

Dr M.S. Chauhan, Director, ICAR-NDRI, Karnal, Haryana regarded the occasion to be a great beginning for the new means of knowledge sharing.

Dr Ch. Srinivasa Rao, Director, ICAR-NAARM, Hyderabad highlighted the importance of the Dairy Science Education and the ICAR-NAARM’s role in promoting the digital learning in NARES through its continued efforts in the Technology Enhanced Learning.

Dr S.K. Soam, Joint Director, ICAR-NAARM, Hyderabad shared  shard the process adopted by NAARM to succeed in developing MOOC programmes for providing flexi learning and emphasized the importance of such inter-institutional partnerships.

Dr. S.K. Tomar, Principal Investigator, ICAR-NAHEP Project on “Incentivizing Dairy Education through Innovative Learning Approaches” highlighted the importance of the MOOCs as a part of the NAHEP Project initiated by the ICAR-NDRI, Karnal, Haryana.

 The NDRI Karnal and NARM, Hyderabad have

Agro chems – Fertilizers

Ministry of Fertilizers ensuring availability of fertilizers during current Kharif season

Adequate availability and supply of fertilizers has been ensured during the ongoing Kharif Season according to Union Minister of Chemicals and Fertilizers Sadananda Gowda who said that his Ministry is monitoring the supplies very closely.

To ensure adequate availability of urea in Telangana, Agriculture Minister Singireddy Niranjan Reddy met Gowda in New Delhi. He informed the Union minister that sales of urea have seen substantial increase this Kharif season as compared to that of last year because of the increase in acreage under cultivation in the State and requested for speeding up supply of urea to Telangana.

Gowda has requested the Telangana Government to ensure that data about sales and stocks are updated on iFMS dashboard in a timely manner to understand about availability of fertilizers on real time basis.

For the month of August, against the projected requirement of 2.50 Lakh MT of urea, the Department of Fertilizers has ensured availability of 3.38 Lakh MT for Telangana. The stock available as on 16.08.2020 is 1.76 Lakh MT which is sufficient to meet the remaining requirement of the current month which is projected as 1.20 Lakh MT.

 

 

Ministry of Fertilizers ensuring availability of fertilizers

Acts & Schemes – Centre, Trade

Ministry has prepared a comprehensive action plan which focuses on boosting Agri Export and action plan for Import Substitution 

India’s farm exports rose 23.24 per cent in value terms to Rs 25,552.7 crore during March-June period amidst the COVID-19 pandemic, said the Agriculture Ministry. 

To promote farm exports, a “comprehensive action plan” has been prepared under which ’Export Promotion Forums’ are being created and existing agri-clusters are being strengthened besides identifying certain destinations for promotion of agricultural exports, the ministry said in a statement.

Promotion of farm exports is extremely important not only for earning precious foreign exchange for the country but also for achieving the goal of an ’Aatmanirbhar Bharat’, for which self-reliant agriculture is critical, it added. 

“Even during the difficult time of pandemic lockdown, India took care not to disturb the world food supply chain and continued to export,” it said.

Exports of agri-commodities increased by 23.24 per cent to Rs 25,552.7 crore during March-June 2020 as against Rs 20,734.8 crore in the year-ago period, it added. 

According to the ministry, “clear and proactive interventions” are required to be taken to ensure India becomes a top exporting nation in agriculture commensurate with the production. 

India holds second rank in world’s wheat production, but ranks 34th in exports.Similarly, despite being ranked third in vegetable production in the world, India’s export ranking is 14th. 

Same is the case for fruits, where India is the second largest producer in the world, but export rank is 23rd, the statement said. 

Highlighting the comprehensive action plan for promotion of agri trade, the ministry said product specific Export Promotion Forums (EPFs) have been created to lead agri exports to new heights. 

EPFs for eight agricultural and allied products — grapes, mango, banana, onion, rice, nuri-cereals, pomegranate and floriculture — have been constituted under the Agricultural and Processed Food Products Export Development Authority (APEDA).

 Each EPF will have exporters of the related commodity as its members along with official members representing concerned ministries of the Central and state governments. APEDA chief will be the chairman of each of these forums, which will meet at least once in every two months.

 The forum’s recommendations will be placed before product committee of APEDA and the forum will be in close contact with the concerned organisation of Ministry of Agriculture. 

The ministry has also emphasised on strengthening the existing ’agri-clusters’ and creating more product-specific clusters to fulfil the gap of bulk quantity and quality of supplies, it said. 

“A time bound action plan has also been prepared for import substitution with particular focus upon edible oils, cashew, fruits and spices thereby making India self-reliant,” it added.

 A specific strategy for export promotion has also been evolved for fresh fruits and vegetables with specific emphasis on grapes, mango, pomegranate, onion, potato and cucumber-gherkin. 

The export strategy focuses on export promotion of fast-evolving niche markets of wellness food, health conscious food and nutraceuticals as well as development of ’Brand India’ to help penetration into new foreign markets, and on new products which automatically translates into higher value realisation. 

“Gulf countries have been identified as focus destinations to increase the market share which is a strong market for India, though presently India caters to only 10-12 per cent share of their total imports,” it said. 

A product market matrix has been made containing a list of ’products of strength’ which could be expanded in new geographies and a list of known markets which can be introduced with newer products, it added. 

 

Exports help farmers/producers/exporters to take advantage of a wider international market and increase their income. Exports have also resulted in increased production in the agri-sector by increasing area coverage and productivity, the statement said.

 

Ministry has prepared a comprehensive action plan

Agrotech, Seeds

Awards showcase leadership, sustainability, supply chain and operational excellence 

Corteva Agriscience announced on that it has been named as winners of multiple Manufacturing Leadership Awards from the National Association of Manufacturers.

The categories and technologies honoured for their outstanding achievements are:

– Operational Excellence Leadership Award, for Arylex™ Active Production via Direct Coupling – Innovation for Manufacturing, which created a more efficient process that improved capacity while significantly reducing waste.

– Supply Chain Leadership Award, for Corteva Agriscience Formulations & Packaging Asset Footprint Optimization, which moved the final production of goods to a regional basis and, ultimately, closer to customers

– Sustainability Leadership Award, for Advanced Technology for Successful Inatreq™ Active Product Manufacture, which included development of sustainable and efficient technology to bring this naturally-derived fungicide to market.

Additionally, Juan Banales, Maintenance Group Leader at the Corteva Agriscience Pittsburg Manufacturing Site in Pittsburg, Ca. was selected for the Next-Generation Leadership Award. Given to remarkable manufacturing professionals 30 years old or younger, the honour recognizes Banales’ innovative leadership within Corteva and his extensive community service, which includes serving on Pittsburg City Council.

Corteva will be recognized at the Manufacturing Leadership Awards Gala, which will take place as a virtual event on Oct. 8, 2020. 

“These awards position Corteva Agriscience among an esteemed group of leaders who are shaping the future of global manufacturing,” said Balaji Venkataraman, Global Director of Manufacturing and Technology at Corteva Agriscience. “I’m incredibly proud of organization’s teamwork and innovation, from R&D in Indianapolis, Indiana, to manufacturing around the globe.”

 

 

 

 

Awards showcase leadership, sustainability, supply chain and

Acquaculture, Finance, Start ups

The Pre-Series A funding was led by Ankur Capital with participation from Incubate Fund India and Angel investors.

 

Seafood Supply Chain (B2B) start up Captain Fresh, has raised $2.3 million (Rs 17.2 crore at current exchange rates) in pre-Series A funding.

Early-stage investor Ankur Capital led the round, Bengaluru-based Captain Fresh said in a statement. Incubate Fund India and some Silicon Valley-based angel investors also participated in the round. Previously, the company had raised seed capital from Nekkanti Group and Sandhya Aqua, which are exporters of frozen shrimp.

Captain Fresh works with brands across retail and trade channels as well as online meat and seafood delivery startups. The Bengaluru-based startup claims to be serving more than 120 retail businesses. 

In the press statement about the fund raise, Gowda said, “We started with a simple vision to build a fresh fish and seafood platform that the ecosystem could completely trust and rely on for their daily needs. We want to nurture our retail partners’ businesses by providing full availability, range and high-quality fresh supplies on a daily basis. For suppliers, we want to provide the comfort of working with a trustworthy partner who consistently delivers on payment promises. Our traction and positive customer feedback in the last 12 months have validated the real need for what we are building. It has boosted our confidence in playing an active and critical role in uplifting the overall ecosystem. 

Utham Gowda who founded start-up in April 2019 said that it uses technology to supply and deliver high-quality freshwater fish and seafood to retailers across all formats.

 Company will invest in technologies like computer vision, IoT, bots, and data analytics to digitise and drive efficiencies across the supply chain. Captain Fresh will also use the funding to expand to new cities and hire people. The company says it currently services more than 120 retail businesses. 

“For suppliers, we want to provide the comfort of working with a trustworthy partner who consistently delivers on payment promises. Our traction and positive customer feedback in the last 12 months have validated the real need for what we are building,” Gowda said. 

Ankur Capital partner Krishnan Neelakantan said the firm was confident of its investment because of Captain Fresh’s technology-driven business model. “Fresh fish and seafood is an inefficient and unorganized industry, with space for technology and operation excellence to make a positive impact,” Incubate Fund India founder and general partner Nao Murakami added.

 

The Pre-Series A funding was led by

Agro chems – Pesticides, E-commerce, Finance

 The Profit almost tripled from Rs 5.46 crore (Q1 FY1920), to Rs 16.21 crore (Q1 FY2021) 

 

 

Best Agrolife Ltd., a leading global player in the agrochemicals sector and one of India’s largest manufacturers of agro-inputs, has announced excellent results for the quarter ended 30 June 2020. The company has in place its long term financial priorities which have a three-dimensional approach wherein the focus areas are – capital allocation, earning, and growth.

The company’s Q1 FY2021 unaudited results saw the company’s total revenue rose to Rs 363.04 crore from Rs 204.18 crore (Q1 FY1920), which is about a 77 percent increase. The Profit almost tripled from Rs 5.46 crore (Q1 FY1920), to Rs 16.21 crore (Q1 FY2021), while the EPS rose from Rs 6.03 (Q1 FY1920) to Rs 6.95 (Q1 FY2021).

“We have defined our objectives clearly and the company will work towards achieving the same wherein the primary focus is to accomplish sustainable EPS growth. This will be supported by incremental earnings across economic cycles. Also, we are anticipating a significant increase in ROCE and ROE which will be driven by our various initiatives,” said Vimal Kumar, Managing Director, Best Agrolife Ltd., with regards to Earnings.

In terms of ROCE and ROE, the project targets are 32.78 percent and 24 percent respectively in FY22. Notably, as per projections, there is a significant increase in EPS (basic) to 30.44 and compared to 7.24 in FY20. For the Growth – approach – the company is enabling models to deliver profitable organic growth. Increase in commitment towards Research and Development and creating a strong push for its branded products.

Best Agrolife has progressed notably and is now considered as one of the top 20 companies in India and its product portfolio comprises more than 60 active ingredients and various formulations of pesticides and plant micro-nutrients for protecting and nourishing a wide range of crops. Its product range includes insecticides, herbicides, fungicides, plant growth regulators, etc.

 

 The Profit almost tripled from Rs 5.46