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Company News, Finance

The EBITDA for Q4 was Rs 272 crore registering an increase of 20 per cent over Q4 of previous year

The Board of Directors of Coromandel International has approved the financial results of the company for the quarter and year ended March 31, 2022. The Board had declared an interim dividend of Rs 6.00 per share in February 2022 and was paid to the shareholders in March 2022. The board has now recommended a final dividend of Rs 6 per share for the financial year 2021-22.

The total income in Q4 was at Rs 4,294 crore compared to Rs 2,860 crore of same period previous year, registering a growth of 50 per cent over previous year. The EBITDA for Q4 was Rs 272 crore registering an increase of 20 per cent over Q4 of previous year. The PAT for Q4 was Rs 183 crore vs Rs 156 crore in Q4 of previous year registering a y/y growth of 17 per cent. The total income for the year ended March 31, 2022 was Rs 19,231 crore compared to Rs 14,231 crore of same period previous year, registering a growth of 35 per cent over previous year. The EBITDA for FY 21-22 was Rs 2,036 crore vs Rs 1,970 crore in previous year, registering an increase of 3 per cent over the previous year. The PAT for FY 21-22 was Rs 1,412 crore vs Rs 1,313 crore of the previous year registering a y/y growth of 8 per cent.

The EBITDA for Q4 was Rs 272 crore registering

Agrotech, Company News

AGCO is planning to hire talented professionals in both its IT and precision Ag & Digital organisations

AGCO Corporation, Your Agriculture Company, a worldwide manufacturer and distributor of agricultural machinery and precision Ag technology, is initiating a Digital Capability Center in Bengaluru.

AGCO is planning to hire talented professionals in both its IT and precision Ag & Digital organisations. This Digital Capability Center (DCC) will leverage India’s talent pool and diverse ecosystem of start-ups and academia to conceptualise, develop, and test innovative capabilities that accelerate its technology modernisation and digitisation journey.

Deloitte India will provide end-to-end support to set up this center in Bengaluru.

“India has the right talent ecosystem for this global Digital Capability Centre, and we are confident it will help us continue to lead the industry as a trusted partner for industry-leading, smart farming solutions,” said Daniel Zapf, VP, Chief Information Officer, AGCO. He adds, “We believe that our association with Deloitte India will incubate and rapidly scale our digital capability center and attract the best technology talent for AGCO. This strategy will help us accelerate our farmer-centric transformation globally.”

Deloitte India is excited about the possibilities of this centre. “India is a critical and pivotal link in the global talent and services supply chain of global organisations. AGCO’s presence in India will further boost Agri-Tech talent in this talent market. We are excited to partner with AGCO in their journey and to help AGCO realise their strategic goals and objectives,” said Ravi Mehta, Partner, Deloitte India.

AGCO is planning to hire talented professionals

Environment, North America

DCPA is an herbicide applied to control grasses and certain broadleaf weeds in both agricultural and non-agricultural settings

The US Environmental Protection Agency (EPA) is issuing a notice of intent to suspend (NOITS), which when effective, will prevent the sale, distribution, and use of the technical-grade product containing the pesticide dimethyl tetrachloroterephthalate (DCPA).

EPA is issuing this NOITS for DCPA because AMVAC, the sole registrant, has not provided the full complement of data the Agency required it to submit over nine years ago. Under the Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA), the registrant is required to submit data to support the continued registration of this product. Due to the registrant’s long-standing failure to respond to EPA’s requests for necessary data, the Agency is unable to fully evaluate the risks associated with DCPA.

DCPA is an herbicide applied to control grasses and certain broadleaf weeds in both agricultural and non-agricultural settings. Agricultural use sites include cole crops (e.g., broccoli, kale, cabbage), cucurbits, tomatoes, onions, and herbs. Non-agricultural use sites include non-residential turf and ornamentals.

As required by FIFRA, EPA periodically re-evaluates pesticides through registration review to ensure that risk assessments and pesticide decisions reflect the best available science. Part of the registration review process is to identify risks of concern and to implement actions that can mitigate these risks. To ensure access to the needed data, the Agency notifies registrants of the data requirements through issuance of a FIFRA Data Call-In Notice (DCI).

DCPA is an herbicide applied to control

Environment, Finance, World

The first-quarter EBITDA excl. special items was posted at $1,346 million

Leading crop nutrition company Yara has posted first-quarter operating income of $1,039 million compared with $322 million a year earlier.

The first-quarter EBITDA excl. special items was posted at $1,346 million, compared with $585 million a year earlier. Net income attributable to shareholders of the parent was $944 million ($3.71 per share) compared with $13 million ($0.05 per share) a year earlier.

Yara’s industry fundamentals are robust, as the twin challenges of resource efficiency and environmental footprint require significant transformations within both agriculture and the hydrogen economy. Yara’s leading food solutions and ammonia positions are well placed to both address and create business opportunities from these challenges.

The first-quarter EBITDA excl. special items was

AgroPolicy, Allied Industry, Bee keeping



The conclave was organised in collaboration with the Ministry of Agriculture & Farmers Welfare and National Bee Board

The National Conclave on Wild and Forest Honey was recently organised by TRIFED in collaboration with the Ministry of Agriculture & Farmers the Welfare and National Bee Board. Arjun Munda, Minister of Tribal Affairs, virtually addressed the conference.

The conclave was organised in conjunction with the National Bee Board (NBB) as a part of the campaign of the Ministry of Agriculture and Farmers’ Welfare’s ‘Kisan Bhagidari, Prathmikta Hamari.’

Supported by the National Agricultural Cooperative Marketing Federation of India (NAFED) & National Dairy Development Board (NDDB), the objective of this National Conclave is to create awareness about the production of forest and wild honey and of the tribals engaged in honey gathering.

R Jaya, MD, TRIFED and Addl Secretary, Ministry of Tribal Affairs, Dr Geetha Meetina, Joint Secretary, Ministry of Agriculture & Farmers Welfare, Dr Prabhat Kumar, Commissioner, Horticulture, Department of Agriculture & Farmers Welfare also graced this conclave with their presence. The event was also attended by members of Honey Farmer Producer Organisations who shared their experiences in the seminar.

The second half of the conclave featured technical sessions on topics like honey bee colony and floral honey; production of wild and forest honey; wild honey collection and wax processing and capacity building of tribal communities in beekeeping.

The conclave was organised in collaboration with

Finance, Machinery - Pre-harvesting, Machinery – Post-harvesting

Tractor Junction plans to use the funding from Info Edge Ventures and Omnivore for launching physical stores for used tractor transactions across Northern India.

India’s leading rural vehicle marketplace, Tractor Junction, announced today that it has raised a USD 5.7 million Seed round co-led by Info Edge Ventures and Omnivore. Existing investors AgFunder GROW Impact Fund and Rockstart AgriFood Fund also participated in the round, alongside angels including Vikram Chopra & Mehul Agrawal – the co-founders of Cars24, Vellayan Subbiah & Arun Venkatachalam from the Murugappa Group, and Sanjiv Rangrass.

Tractor Junction is India’s largest digital marketplace to buy, sell, finance, and insure new and used tractors, farm equipment, and rural commercial vehicles. Despite the steady pace of agricultural mechanization, Indian farmers who want to buy rural vehicles have to navigate information opacity, unfair pricing, and a lack of trusted sources for smooth transactions. Dealers also struggle to reach their target customers, appropriately price used vehicles, and liquidate exchange inventory. Tractor Junction is revolutionizing the rural vehicle space by providing necessary information and vetted reviews on farm machinery, enabling users to compare shortlisted options, and bringing transparency in pricing.

Based in Noida, Tractor Junction was founded in 2019 by Animesh Agarwal, Rajat Gupta, and Shivani Gupta. Animesh, an IIM Shillong alumnus, was previously leading the North India operations of Cars24, and earlier in his career worked for Mahindra’s farm equipment business across sales, channel development, digitisation, and strategy roles. 

 In December 2021, Tractor Junction acquired rival marketplace TractorGuru (the second-largest farm machinery portal), further strengthening its leadership in this space. Tractor Junction plans to use this funding for talent acquisition, development of financial services, and launching physical stores for used tractor transactions across northern India.

Rajat Gupta, Co-Founder of Tractor Junction, said, “The rural vehicle ecosystem is at the cusp of a digital revolution and our team at Tractor Junction are excited to tackle the opportunity that lies ahead. We are humbled to have the confidence of marquee investors like Info Edge and Omnivore who bring vast experience of building scalable businesses.”

Kitty Agarwal, Partner at Info Edge Ventures, said, “The used tractor and farm equipment market is highly unorganized with a lack of established sales channels. As a result, farmers struggle with access to quality information and inventory for a relatively high value purchase.  Tractor Junction is bringing convenience, transparency, and affordability to the farm equipment buying process, thus empowering farmers and creating a winning ecosystem for all stakeholders.”

Jinesh Shah, the Managing Partner of Omnivore, observed, “By clearing the haze of information asymmetry, Tractor Junction is empowering smallholder farmers with access to valuable data and affordable high-quality farm vehicles. Tractor Junction will have a far-reaching impact on farmer profitability, and we at Omnivore are thrilled to support this journey.”

Tractor Junction plans to use the funding

Agro chems – Pesticides

Orchestra is a new Japanese technology for effective Rice Brown Plant Hopper (BPH) management with excellent safety for beneficial insects

Nichino India, a subsidiary of the Japanese agrochemical company Nihon Nohyaku Co, has announced the launch of insecticide Orchestra in the Indian market in a special launch event held in Hyderabad.

Orchestra is a new Japanese technology for effective Rice Brown Plant Hopper (BPH) management with excellent safety for beneficial insects.

Speaking on the occasion, Tomooka Naohiro San, Managing Director, Nichino India explained that the launch of this unique product will stand as testimony to good bilateral cooperation in the fields of innovation & manufacturing technologies between India and Japan. He further explained that the products are developed through joint research by company in Japan and India and will be made available in both Japan and Indian Markets. He also revealed that the company is planning to produce more such products by taking inspiration from Make in India initiative by the Government of India.

DG Shetty San, Director & COO, stated that Orchestra is the first product based on the Novel technology BPX that was developed through research held for more than ten years.

Revealing the future plans of the company Hemant Singh San, National Sales Manager, said “We are aiming to launch 3 new innovative actives this year which are meant to solve some devastating pest problems of Indian farmers.”

Orchestra is a new Japanese technology for

Environment, Nature, Sustainability

The one-day event felicitated farmers who supported and worked with Agoro Carbon Alliance

Agoro Carbon Alliance recently organised the Agoro Carbon Alliance Kharif Summer Season Launch event at Randoli, Karnal in Haryana. Over 150 farmers including farmers associated with Agoro Carbon took part in the event.

The event was organised to recognise the efforts of the farmers, their families, and channel partners who have worked with Agoro Carbon and have assisted them at every step of the way in promoting sustainable carbon farming.

Anastasia Pavlovic, COO, Agoro Carbon Alliance, Agoro Carbon Alliance Prithviraj Sen Sharma, MD and Country Head of Agoro Carbon Alliance India, Dr Yebin Zhao, Global Agronomist, Agoro Carbon Alliance, Giulia Sartori, Carbon Project Developer Expert, Agoro Carbon Alliance, Shaara Rahim, Strategic Advisor to the CEO, and Dr Sudarshan Dutta, Lead Agronomist, India, Agoro Carbon Alliance took part in the event.

The event witnessed the launch of the Agoro Carbon Mitra programme by Pavlovic. A team from the local Punjab and Haryana-based YCNCs (Yara Crop Nutrition Centres), along with office bearers from Yara Fertilisers, were present at the event.

Pavlovic honoured Saroj Kalra as Agoro Carbon Mahila Kisan, an initiative launched at the event to give women farmers a platform to empower them with knowledge of sustainable and carbon farming practices.

The one-day event felicitated farmers who supported

Agro Universities

The wheat variety called ‘PBW1Chapati’ has been released at the state level in Punjab for cultivation under timely sown irrigated conditions

Researchers have developed a wheat variety, with excellent baking quality having soft and sweet chapatis. The wheat variety called ‘PBW1Chapati’ has been released at the state level in Punjab for cultivation under timely sown irrigated conditions.

The wheat breeding team from Punjab Agricultural University have developed a new variety using marker-assisted selection for a linked stripe rust and leaf rust gene Lr57/Yr40 in the PBW175 background. They have retained the chapati making parameters by testing the segregating materials using various biochemical tests during the development of the variety. 

The development of end product-specific and biofortified wheat germplasm was earlier on the breeding periphery and it got a great push from the Department of Science and Technology PURSE grant under the theme SWASTH BHARAT. It paved the way for consolidating the various gene pools for different traits to develop a viable commercial product with a focus on quality breeding. Thus, it enabled a shift from productivity-oriented technologies to those focused on nutritional enhancement along with yield. Wheat lines emerging out of convergent crosses and possessing a novel combination of high zinc, low phytates, high carotenoids, low polyphenols and high grain protein content have entered the varietal pipeline. 

Supported by the Promotion of University Research and Scientific Excellence(PURSE) grant, the thermocycler machine was used to monitor the presence of a linked stripe rust and leaf rust-resistant gene — ‘Lr57/Yr40’ in the segregating generations and the final selected progenies. Equipment like rheometer (determine the flour viscosity) and doughLAB (determines water absorption of flour, dough development time and other dough mixing parameters) purchased under the PURSE funding helped carry out post-harvest quality analysis of the selected progenies.

The variety ‘PBW1Chapati’ aims to fill this void at the commercial level owing to good chapati quality, sweet in taste and soft in texture. The colour of the chapati is comparably white and it remains soft even after hours of baking.

The wheat variety called ‘PBW1Chapati’ has been released

Acquaculture, Agro Universities, Live Stock

The feed mill will look into different feed ingredients for the Fish Feed preparation

Jatindra Nath Swain, Secretary (Fisheries), Department of Fisheries, Ministry of Fisheries, Animal Husbandry & Dairying, Government of India inaugurated the Mobile Feed Mill (CIFE Model) developed by the FNBP Division, ICAR-Central Institute of Fisheries Education, Mumbai, Maharashtra. Swain stressed the capacity of Mobile Feed Mill and the use of the different feed ingredients for the Fish Feed preparation.

Dr Joykrushna Jena, Deputy Director General (Fisheries Science), ICAR; Dr C Suvarna, CEO, National Fisheries Development Board, Hyderabad; Dr Ravishankar CN, Director, ICAR-CIFE, Mumbai; Dr NP Sahu, Joint Director, ICAR-CIFE, Mumbai; Dr Parimal Sardar, HoD, FNBP Division, ICAR-CIFE, Mumbai and Principal Scientists, FNBP Division, ICAR-CIFE participated in the event.

Dr Sikendra Kumar, Scientist, ICAR-CIFE, Mumbai underlined the features of the Mobile Feed Mill having capacity of making 40 kgs Pelleted Feed per Hour. He stated that the Mill developed under the Tribal Sub Plan Scheme will cater to the need of the marginal farmers for making feed using the available ingredients with them at the pond site itself of the tribal farmers. This will enhance the aquaculture productivity of the farmers.

The feed mill will look into different

Bee keeping, Biostimulants, North America

The dossier included CR-7 trial data already completed in Mexico and studies into human safety, environmental impact, and product efficacy as required to support product registration.

Bee Vectoring Technologies International Inc. has announced that the Company has submitted its proprietary Clonostachys rosea CR-7 (CR-7) biological fungicide for registration in Mexico. The registration dossier was presented on April 19, 2022 at a meeting with COFEPRIS (The Federal Commission for Protection from Sanitary Risks), the Mexican health authority responsible for registration of plant protection products. The dossier included CR-7 trial data already completed in Mexico and studies into human safety, environmental impact, product efficacy and more, as required to support product registration.

This application is part of a 2022 program to submit in up to four new jurisdictions allowing the Company to significantly increase its geographic footprint and open new revenue streams.

“We’re anticipating a quicker review process as compared to chemicals in Mexico because CR-7 should be considered a low-risk product,” said Gerardo Suazo, Senior Technical Manager for Mexico at BVT. “However, registration timelines with Mexican health authorities have been experiencing delays due to pandemic-related labor shortages and the backlog of submissions making it hard to predict review timing.”

Mexico’s growers offer significant market potential for BVT’s natural precision agriculture system: official statistics indicate that the country’s production in 2019 included 41,600 acres of strawberries, 12,100 acres of blueberries and over 377,000 acres of tomatoes and peppers. In the same year, US imports of fresh and processed fruits and vegetables from Mexico amounted to US$15.6 billion.

“Mexico is a huge export market, and high-volume growers are keen to adopt low- or no-chemical solutions to fight diseases and increase crop yields,” said Ashish Malik, CEO of BVT. “The country uses US$1.3 billion worth of pesticides each year, but an increasing number of growers are turning to biologicals as an alternative that offers better quality, greater food safety and reduces the need for chemicals.”

The dossier included CR-7 trial data already

AgroPolicy, Agrotech

The workshop was held under the Kisan Bhagidari Prathmikta Hamari Campaign 2022

Ministry of Food Processing Industries (MoFPI), under the Pradhan Mantri Formalisation of Micro food processing Enterprises (PMFME) Scheme, recently organised a One District One Product (ODOP)-based workshop on the processing and value addition of Walnuts in Kishtwar district, Jammu and Kashmir (J&K).

The event was inaugurated by Ashok Kumar Sharma, Deputy Commissioner, Kishtwar. The ODOP workshop was aimed to set the stage for all food-tech stakeholders to impart, discuss and acquaint the stakeholders with the new emerging trends in food processing and technological innovation in walnut processing in the Kishtwar district.

The workshop witnessed the presence of eminent industry speakers sharing their insights for micro-enterprises and farmers to pave the way for walnut-based products to scale to domestic and global levels.

The ODOP workshop under Kisan Bhagidari Prathmikta Hamari Campaign is a one-of-its-kind-initiative by the Ministry along with the support of distinguished industry experts to educate and guide the farmers in the Kishtwar District of Jammu and Kashmir to make informed decisions to scale up their food business in walnut processing in the present scenario.

The workshop was held under the Kisan

Sustainability, Uncategorized, World

The report reviews the rising demand for environmentally-friendly
biological crop protection products that support sustainable agriculture

Edison Investment Research, the London-based investment research and advisory company, has released Feeding the World: Biological Products for Sustainable Crop Protection, a research report that details the rising demand for alternatives to broad-spectrum conventional pesticides. The paper presents exciting advances in biological pesticide technologies—such as RNA interference-based biopesticides—and discusses the growing investment interest in environmentally friendly crop protection products that support sustainable agriculture.

The report includes the discussion of companies such as Bayer, GreenLight Biosciences, Monsanto (acquired by Bayer in 2018), Renaissance BioScience, Syngenta, and others that are working on environmentally friendly innovations in the rapid-growth area of biological crop protection and biopesticides.

“The United Nations’ second sustainable development goal is to eliminate hunger globally and improving agricultural yields through the continued application of sustainable crop protection products will be key to achieving this goal,” said Anne Margaret Crow, Director TMT/Industrials, Edison.

The report reviews the rising demand for

Inputs

The increased application flexibility on the new label will allow growers to apply Howler at any time of day and any crop stage

Howler fungicide, the first product from agricultural innovator AgBiome, has been granted EPA approval for an updated label with expanded crops, disease targets and application flexibility. This new label brings the addition of 20 new crops, new pathogens and new use patterns for both aerial and seed treatment applications and exciting news on pollinator safety.

Even more specialty crop growers will be able to unleash the power of Howler on their soil-borne and foliar diseases with Howler’s expanded label featuring key crops like hops, sugar beets, oilseed crops, and ornamentals. 

Howler’s list of targeted pathogens grows three-fold with this new label, inclusive of those listed on a FIFRA Sec 2ee label issued in 2021. The updated label adds to Howler’s expansive list of pathogens that frequently affect high-value crops, including downy and powdery mildews, rusts, and Botryosphaeria.

The increased application flexibility on the new label will allow growers to apply Howler at any time of day and any crop stage. This new label also brings the removal of a previous caution statement around application in the presence of active pollinators, officially confirming Howler as pollinator safe. 

The increased application flexibility on the new