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Sales declined by 3.0 per cent to 7.907 billion euros, mainly due to lower volumes for non-glyphosate-based herbicides and the Fungicides business in Europe/Middle East/Africa.

The Bayer Group performed as expected in the opening months of the year. “First-quarter sales declined slightly versus the prior year. The Pharmaceuticals Division saw gains in growth and profitability, and the Crop Science Division outperformed in a difficult market. Consumer Health started slower, but is set to get back to growth over the course of the year,” CEO Bill Anderson said on Tuesday when presenting the company’s quarterly statement for the first quarter.

Crop Science outperforms peers in terms of sales trajectory in a challenging market environment

In the agricultural business (Crop Science), Bayer outperformed its peers in a difficult market. Sales declined by 3.0 percent (Fx & portfolio adj.) to 7.907 billion euros, mainly due to lower volumes for non-glyphosate-based herbicides and the Fungicides business in Europe/Middle East/Africa. With respect to glyphosate-based products, the division recorded significant market-driven price declines in all regions that were not fully offset by the strong volume recovery. The strategic business entities Herbicides and Fungicides saw sales fall by 13.3 percent and 8.5 percent (Fx & portfolio adj.), respectively. Sales at Soybean Seed & Traits were level with the prior-year period (Fx & portfolio adj.). Business at Corn Seed & Traits was up by 2.0 percent (Fx & portfolio adj.) thanks to higher prices in all regions, while sales at Insecticides advanced 2.3 percent (Fx & portfolio adj.), driven by increased volumes in Europe/Middle East/Africa and North America.

EBITDA before special items at Crop Science declined by 12.8 percent to 2.849 billion euros, mainly due to price declines for glyphosate-based products. There was also a negative currency effect of 92 million euros (Q1 2023: positive currency effect of 54 million euros).

Group sales came in at 13.765 billion euros in the first quarter of 2024 and were therefore slightly below the prior-year figure on a currency- and portfolio-adjusted basis (Fx & portfolio adj. minus 0.6 percent). There was a negative currency effect of 525 million euros (Q1 2023: positive currency effect of 102 million euros). EBITDA before special items decreased by 1.3 percent to 4.412 billion euros. EBIT advanced by 4.0 percent to 3.092 billion euros after net special charges of 207 million euros (Q1 2023: 431 million euros).

Sales declined by 3.0 per cent to

The agreement aims to bolster FMC’s position as the market leader in insecticides and AgroSpheres’ speed to market for its ribonucleic acid (RNA) portfolio.

FMC Corporation, a leading global agricultural sciences company, announced a research agreement with AgroSpheres, a biotechnology company pioneering breakthroughs in sustainable crop protection and crop health. The agreement will accelerate the discovery and development of novel bioinsecticides, which is a key part of FMC’s long-range strategic plan.

The agreement aims to bolster FMC’s position as the market leader in insecticides and AgroSpheres’ speed to market for its ribonucleic acid (RNA) portfolio by pairing AgroSpheres’ production and formulation technology with FMC’s high throughput testing, evaluation, and go-to-market capabilities. In 2023, FMC Ventures invested in AgroSpheres, a startup developing biodegradable micro-encapsulation technology to improve the delivery, stability and efficacy of biological crop protection products based on RNA interference (RNAi) technology.

“Our research agreement with AgroSpheres marks a significant milestone in FMC’s commitment to advancing sustainable agriculture through innovation,” said Dr Seva Rostovtsev, FMC executive vice president and chief technology officer. “We believe RNAi can provide a suite of powerful new tools for the crop protection market and that AgroSpheres has built a powerful platform to discover and manufacture these new technologies. This collaboration is a testament to our dedication to innovation and excellence in crop protection. It underscores our belief in the power of partnership to drive agricultural science forward, ensuring a healthier planet for future generations.”

RNAi biomolecules have demonstrated great promise in the lab but have struggled to yield consistent results for commercial biological development. AgroSpheres’ patented AgriCell manufacturing technology allows for the expression of a wide array of RNA molecules while yielding consistent results. AgroSpheres’ production of encapsulated RNA biomolecules delivers enhanced stability, performance and targeted uptake in pests. AgroSpheres’ groundbreaking biomodality approach targets specific, yet diverse, biological actions, efficiently multiplying product offerings and innovation.

In a global market desperately in need of effective tools to combat resistance, FMC has shown foresight by investing in next-generation technologies and setting aggressive goals to meet demand for high-performance biologicals,” said Ameer Shakeel, founder and chief technology officer of AgroSpheres. “As leaders in bringing molecules to market, they are an ideal partner for AgroSpheres as we progress to comprehensive product development. We are excited to codevelop with the FMC team.”

The agreement aims to bolster FMC's position

The partnership aims to provide farmers agronomic solutions, crop protection, mechanization for Direct Seeded Rice, and precision tools for water-positive practices.

Indian Council of Agricultural Research and Bayer, a Global enterprise with core life science and agriculture competencies, have recently signed a Memorandum of Understanding (MoU) for the technological advancement of farmers through Krishi Vigyan Kendras. The partnership aims to improve farmers’ livelihoods by providing them with agronomic solutions, crop protection, mechanization for Direct Seeded Rice, and precision tools for water-positive practices. The workshop was organized by ICAR-KVK, Karnal, at the ICAR-National Dairy Research Institute, Karnal under the Chairmanship of Dr. U.S. Gautam, Deputy Director General, (Agricultural Extension) Divison of Agricultural Extension (ICAR). Dr. Gautam spoke about reimagining the rice cropping in view of the renewed focus on reducing water and carbon footprint in agriculture under Vikshit Bharat initiatives. He further stated that the ICAR-Bayer collaboration is a unique Public-Private-Peasant-Participation (P-P-P-P) initiative that allows ICAR-KVKs and farmers to select and practice the most productive varieties and technologies, aiming to synergize efforts, scale adoption, and ensure sustainable food production for the future.

Dr Dheer Singh, Director ICAR-NDRI Karnal, Dr. R. R. Burman, Assistant Director General (Agricultural Extension) ICAR, Dr. J. P. Mishra, Director, ICAR-ATARI Zone-II, Jodhpur, Dr Parvender Sheoran, Director, ICAR-ATARI Zone-I, Dr. Sangeeta Dawar, Lead Govt Affairs, Bayer, Dr. Ajeet Chahal, Rice Platform Lead, Bayer, and Simon Wiebusch, President, Bayer South Asia along with their team of expert, were also present during the workshop.

The ICAR-KVKs will provide farmers with on-ground assistance for sustainable agriculture and mechanization solutions, aiming to increase their knowledge and awareness of sustainable practices. By enabling them to join carbon credit markets, they can create more income streams and contribute to environmental conservation efforts. The DSR demonstrations will be organized at 46 KVKs spread across 8 States viz., Haryana, Punjab, Uttar Pradesh, Jharkhand, Odisha, Madhya Pradesh, Chhattisgarh, and Maharashtra during Kharif 2024.

The partnership aims to provide farmers agronomic

Coromondel made investment of Rs 24 crores through its wholly owned subsidiary and corporate venture capital arm Dare Ventures Limited.

Coromandel International Limited, India’s leading agri solutions company, has announced increasing its investment in Ecozen, a pioneering climate-smart technology solutions provider. The Rs 24 crores investment was made through its wholly owned subsidiary and corporate venture capital arm Dare Ventures Limited. With this, Coromandel has increased its shareholding in Ecozen to 5.54 per cent, an increase of 3.13 per cent.

Ecozen is known for its innovative and sustainable solutions such as the solar-powered irrigation (Ecotron) and cold chain systems (Ecofrost) that have positively impacted the lives of over 180,000 farmers in India. The company leverages advanced technologies including Artificial Intelligence (AI), Internet of Things (IoT), and energy storage to boost agricultural incomes and also significantly reducing greenhouse gas emissions and food losses. Ecozen clocked a turnover of Rs 274 crores in FY23, quintupling its growth in last three years, underscoring the increased consumer acceptance and demand for sustainable solutions. The company has further set its sights on expanding its offerings and market presence into Africa and Southeast Asia to build climate-smart solutions for agriculture.

Jayashree Satagopan, President, Corporate & CFO, Coromandel International Limited, stated, “The remarkable strides made by Ecozen, and its commitment to driving positive impact on the livelihoods of farmers aligns with our vision of building a smart and sustainable future. Our increased shareholding in Ecozen reflects our confidence in the company’s ability to drive positive change and create long-term value for stakeholders.”

Devendra Gupta, CEO, and Co-Founder, Ecozen, expressed his gratitude for Coromandel’s increased support and investment through Dare Ventures. “We are immensely grateful for the continued support and investment from Dare Ventures, which underscores their belief in our mission and potential. Their contribution has been instrumental in our journey towards expanding our impact and reach. With Coromandel by our side, we are confident in our ability to accelerate the adoption of climate-smart technologies globally, empowering farmers and fostering sustainable growth.”

Coromondel made investment of Rs 24 crores

 By Dr Ratna Kumria, Senior Director – Biotechnology, Federation of Seed Industry of India

Technology in agriculture, particularly, seeds have great potential to provide sustainable, profitable yet affordable solutions for a wide array of challenges including climate change. But to maximise the benefits, it is important to establish an open, unbiased and enabling policy environment. On National Technology Day, the seed industry reiterates the importance of biotechnological solutions as vital aids in addressing the challenges confronting the agriculture sector.

Rising global temperatures, coupled with increasingly severe and unpredictable weather patterns, have been exacerbated by the greenhouse warming effect, contributing to the occurrence of the El Niño weather phenomenon. Heatwaves, insufficient rainfall, and changes in monsoon patterns have collectively resulted in significant water stress in agricultural fields, leading to reduced crop yields. Rising temperatures can lead to heat stress in crops, affecting their growth and development. Heatwaves during critical stages of crop growth can reduce yields and quality.

India is close to reaching a tipping point where groundwater levels will plummet, according to a 2023 UN Water report. The northern parts of the country have lost 95 per cent of their groundwater between 2002 and 2022, and some areas in the Indo-Gangetic basin have already passed the groundwater depletion tipping point. India is the world’s largest consumer of groundwater, using about a quarter of the world’s total.

Need for developing drought-resistant crop varieties

The combination of water scarcity, heatwaves, frequent droughts, and unpredictable monsoons presents a significant challenge to India’s agricultural productivity. These challenges underscore the urgent need to prioritise the development of drought-resistant crop varieties. With climate change exacerbating these issues, the cultivation of crops with enhanced drought tolerance is increasingly essential to safeguarding food security of the nation. Redirecting focus towards the breeding and promotion of drought-resistant varieties is imperative to ensure the resilience and sustainability of India’s agricultural sector in the face of mounting environmental pressures.

Plant breeders in both private and public sectors have dedicated their efforts to develop varieties and hybrids capable of withstanding drought stress across various crops. Although the process is gradual, there have been notable successes in breeding drought-tolerant crops. Examples include conventional breeding programmes such as the creation of rice, wheat, and Indian mustard varieties resilient to salt and alkali soils by the Central Soil Salinity Research Institute in Karnal. Additionally, maize hybrids with heightened drought tolerance have been developed, along with endeavours to integrate salt tolerance into wheat from wild relatives. Notably, drought tolerance has been prioritised as a selection trait in the generation of new maize and wheat germplasm by the International Maize and Wheat Improvement Centre (CIMMYT). The advent of genetic modification (GM) and gene editing technologies offers a swifter route to producing drought-tolerant crops. Presently, GM varieties of Glycine max (soybean) and Zea mays (maize), as well as gene-edited wheat for drought tolerance, have been developed and sanctioned in many countries.

The private seed industry in India has been a key driver of technological advancements in agriculture, with significant contributions to the sector’s growth and development. This sector has witnessed a steady increase in investments in research and development in advanced technologies, reflecting a strong commitment to exploring innovations and several members of Federation of Seed Industry of India invest, on an average, over 10 percent of the annual turnover for R&D. Furthermore, the private seed sector has introduced a wide range of high-yielding hybrid seeds, genetically modified crops, and biofortified varieties, catering to the diverse needs of Indian farmers and consumers. These technological interventions have led to notable improvements in crop yields, quality, and resilience, contributing to food security and sustainable agriculture practices. All these efforts collectively empowered the farmers particularly, smallholders, to enhance their productivity and profitability, driving overall agricultural growth in India. Overall, the private seed industry’s relentless focus on technology-driven solutions, coupled with strategic investments and market expansion efforts, has positioned it as a key player in India’s agricultural transformation, fostering innovation, sustainability, and economic development in the sector.

In the current scenario, climate change poses a formidable threat to both agricultural sustainability and food security. Increasing frequency of extreme weather events underscores the urgency of addressing these challenges. As we navigate these uncertain conditions, it’s evident that our agricultural systems face mounting pressures. However, amidst these challenges lies an opportunity for technologies in seed including biotechnology to play a pivotal role in adaptation and resilience.

As we mark National Technology Day, it’s imperative for policymakers, researchers, and the seed industry to collaborate in promoting the adoption of biotechnology-driven solutions among farmers. By enhancing the genetic makeup of crops, we can bolster their ability to withstand prolonged periods of drought and other climatic stresses. This is the time for the policymakers, researchers and seed industry to come together to promote this sustainable solution to the farmers and make the agri-food system climate-resilient.

 By Dr Ratna Kumria, Senior Director –

Under this MoU, Mahindra and MSDE will conduct two pilots at National Skill Training Institutes (NSTI) at Hyderabad and Noida to skill 500 women in exclusive batches of 20 women only.

Mahindra & Mahindra Ltd., India’s leading Farm Equipment company and the world’s largest tractor manufacturer by volume signed a Memorandum of Understanding (MoU) with the Ministry of Skill Development and Entrepreneurship (MSDE) to conduct two Pilots under the Drone Didi Yojna. Launched earlier this year, the scheme aims to train 15,000 women to operate drones for agricultural purposes such as fertiliser sowing, crop monitoring and seed sowing, thereby creating new livelihood opportunities for women through imparting skills in new technology areas.

Under this partnership, Mahindra and MSDE will conduct two pilots at National Skill Training Institutes (NSTI) at Hyderabad and Noida to skill 500 women in exclusive batches of 20 women only. The 15-day curriculum approved by the Directorate General of Civil Aviation will be delivered through RPTO (Remote Pilot Training Organisation) instructors at these Centers.

Speaking about the initiative, Dr Anish Shah, Group CEO & MD, Mahindra Group said: “Aligned with our Rise philosophy, the Mahindra Group is committed to empowering the women with the skills necessary to join the workforce and achieve financial independence. The pilot under the Drone Didi Yojana represents a first-of-its-kind convergence of women, farming, and technology. We are absolutely delighted to provide technology training to grassroots women and ensure that agriculture is equipped for the future.”

“We are excited to announce our partnership with Mahindra & Mahindra Ltd., leveraging their agricultural expertise for comprehensive training. Two NSTIs in Hyderabad and Noida have been chosen for the pilot program, with the goal of empowering rural women in agriculture. This collaboration advances our mission of upskilling women for nation-building, particularly through the successful implementation of the Drone Didi program in empowering women in emerging trades. I firmly believe that this collaboration with Mahindra will advance our vision, equipping women with the skills needed to contribute to nation-building. Building on our past successful collaborations with leading technology industry partners, this initiative represents the beginning of many collaborative projects with Mahindra. Through rigorous training methodologies and hands-on learning experiences, we will equip our students with the practical skills and competencies required to excel in their chosen fields and make meaningful contributions to the nation’s socio-economic growth,” said Atul Kumar Tiwari, Secretary, MSDE.

Within this partnership, the NSTIs will provide infrastructure for running the training programme, hostel for participants and tap into local Women Self Help Groups and NGOs to mobilise participation. Mahindra Group will provide initial set-up support through simulation machinery/drones, simulator controller, simulator software, Desktop computer with i5 Processor and trainers, and meet the operating costs for the duration of the Pilot project, including the cost of DGCA License Holder Instructors at the centres.

The learnings and outcomes from the Pilot project will assist MSDE in scaling up the Drone Didi Yojana at identified NSTIs/ITIs across the country.  As a further support to the intent of the Drone Didi Yojana, Mahindra will soon roll out Drone training for women at the company’s skilling centres at Zaheerabad, Telangana and Nagpur, Maharashtra.

Under this MoU, Mahindra and MSDE will

Net Profit of the company for Q4FY24 was up 12 per cent to Rs. 6.40 crore as compared to the net profit of Rs. 5.71 crore in Q4 FY23.

Ahmedabad based Hester Biosciences Limited, one of India’s leading animal health company, manufacturing vaccines and health products has reported consolidated revenue from operations of Rs 79.26 crore for the Q4FY24, growth of 18 per cent Y-o-Y from revenue of Rs. 67.30 crore in Q4FY23. Operating profit during the quarter ended March 2024 was reported at Rs. 16.40 crore, 37 per cent growth Y-o-Y from Rs. 11.97 crore in Q4FY23. Net Profit of the company for Q4FY24 was up 12 per cent to Rs. 6.40 crore as compared to the net profit of Rs. 5.71 crore in Q4 FY23. Company has recommended dividend of Rs. 6 per equity share of Rs. 10 each (60 per cent) for the financial year 2023-24, subject to approval of members at the ensuing Annual General Meeting. Consolidated results include operations of subsidiaries from Nepal and Tanzania.

Animal Healthcare Division

In Q4 FY24, the Animal Healthcare division experienced a growth which is attributed to:

1.  Consistent sales of the Goat Pox vaccine, supporting the preventive vaccination program against the Lumpy Skin Disease in Cattle, and continued supplies of the PPR vaccine for Sheep and Goat for the Government of India’s National Immunisation Programs.

2.Along with vaccines, health product sales experienced a growth as well. It is worth noting, this growth is achieved even after the discontinuation of two products, CurX Injection and iSumovet, totaling to a loss of sales in response to new drug regulations prohibiting the use of Ketoprofen for animal treatment. This growth reflects the division’s resilience and ability to adapt and pick the momentum back, despite of challenges which are not under our control.

Poultry Healthcare Division

In Q4 FY24, the Poultry Healthcare division achieved a commendable growth of 22 per cent.

1.This growth trajectory has been consistent throughout the year, with each quarter surpassing the previous in terms of sales performance. Hence, from an annual perspective, the division has demonstrated improved sales compared to the previous years.

2.This turnaround can be attributed to – recouping of the Poultry Industry, the introduction of diverse products to meet the evolving needs of poultry farmers and further capitalising that existing market opportunities.

Petcare Division

In Q4 FY24, the Petcare division experienced a marginal sales dip of ₹0.18 crore compared to the previous quarter. However, considering the cumulative performance for FY24, the division achieved a growth of 49%, reaching sales of Rs 2.64 crore. This growth reflects the culmination of substantial efforts in building a robust foundation, implementing best practices, and delivering high-quality products.

Way Forward

Animal Healthcare

· Anticipating double digit growth in the dairy sector, we aim to capitalise on this trend by expanding our product offerings.

· The small ruminant marketing will also be seeing a growth and we shall be expanding our presence further in this segment.

· We will be introducing 6 new specialised products to meet the evolving needs of the growing market and address the customer needs as well as expand our product portfolio.

Poultry Healthcare

· With the poultry industry stabilising, we foresee growth opportunities driven by increasing demand for poultry products.

· With our focus on innovation, we have acquired technology to develop a modified version of the Infectious Bursal Disease (IBD) vaccine, enhancing protection and safety for chickens.

· We are expanding our poultry division’s product basket by introducing feed supplements, aiming to enrich our offerings and strengthen our market position.

Petcare

· We anticipate reaping the benefits of our critical backend activities in the upcoming year.

· With an expected rise in the pet adoption, we are prepared to capture the market share and meet the evolving needs of pet owners.

· We will introduce new products in therapeutic, supplement and prescription pet food diet segments, distinguishing ourselves and our offerings in the market.

Net Profit of the company for Q4FY24

ISMA proposes a roadmap to a 55 per cent or even 60 per cent ethanol supply contribution, contingent on policy interventions and farmer support.

 The drop in Indian cane production due to the global climate phenomenon, EL-Nino, had led to a sudden stoppage of ethanol production from syrup and BHM from mid-December 2023. This meant that only 20 Lac tons of sugar was diverted towards the production of around 200 Cr litres of ethanol.

However, based on the sugar production figures, India could have afforded to produce around 250 Crore litres of ethanol more by diverting a further quantity of around 25 Lac tons sugar even after meeting full requirements of 285 Lac tons of sugar for domestic demand after leaving more than adequate 66 Lac tons of closing stock at the end of the season. Subsequently, the sugar industry could have supplied 450 Crore litres of ethanol which could have been almost adequate for the current ethanol year requirement from the sugar industry.

Looking at the statistical figures above, we delve into the challenges faced by the sugar sector in meeting the 20 per cent ethanol blending target in future and explore the policy interventions necessary to facilitate compliance. By examining the economic and environmental benefits of ethanol blending, the Indian Sugar & Bio-Energy Manufacturers Association (ISMA) aims to provide a comprehensive overview of the road ahead in achieving this critical milestone for the Nation.

India’s 20 per cent Ethanol Blending requirement

India started blending ethanol in petrol on a pilot basis in 2001 before launching the dedicated Ethanol Blended Petrol (EBP) programme in 2003. Since then, India has come a long way to set a 20 per cent ethanol blending target till 2030. This measure is designed to lower carbon emissions, enhance air quality, and promote the use of biofuels derived from renewable sources such as sugarcane, corn, or other biomass. It also aims to create a more sustainable energy mix and reduce the reliance on fossil fuels.

 Prabhakar Rao, President of the Indian Sugar and Bio-Energy Manufacturers Association (ISMA), said, “The Indian sugar industry is well-positioned to meet the government’s ambitious 20 per cent ethanol blending target by 2030. Our industry can contribute a significant 55 per cent of the ethanol requirement, and even increase that to up to 60 per cent if we can get stable policy support and investment on sugarcane production stabilisation.”

Striving to achieve the same, ISMA is confident that the sugar industry is capable of meeting the 55 per cent ethanol supply to meet the 20 per cent EBP target by 2030. In addition, the industrial landscape holds the ability to stabilise the policies and investment in sugar production.

Implications for the Sugar Industry

For the Indian sugar industry, the Ethanol Blending Requirement presents both challenges and opportunities. On one hand, it offers a new market for ethanol production, creating a potential revenue stream. On the other hand, meeting the demand for ethanol production necessitates significant investments in infrastructure and technology, posing challenges for sugar producers.

Current Challenges

Availability of Raw Materials – One of the primary challenges is ensuring an adequate and affordable supply of raw materials for ethanol production. The sugarcane area needs to be expanded only marginally by about 7-8 per cent. And, the yield is required to be stabilised at about 81-82 tons per ha. The country achieved the highest sugarcane production of 4616 Lac tons in the year 2021-22 with a productivity of 82.7 tons per ha. We need to increase to 5100 Lac tons and stabilize the production to meet the country’s sugar and ethanol demand.

Additionally, the experts believe that if the cane production stabilisation measures are undertaken in collaboration with cane farmers by extending various schemes of the Govt. of India, the sugar industry can increase its contribution to even up to 60 per cent of ethanol supplies after fully meeting the sugar demand of the country.

ISMA proposes a roadmap to a 55

ADEPIDYN® technology on track to be first of Syngenta’s crop protection active ingredients to attain billion-dollar annual sales within eight years of commercialisation.

Syngenta Group, one of the world’s largest agricultural technology companies, is extending its leadership in fungicides with the success of its patented ADEPIDYN® technology (trademark for active ingredient: pydiflumetofen). Following its recent registration in Great Britain, farmers in more than 55 countries globally are now able to access this powerful fungicide, with strong sales across continents reflecting farmer demand for effective control of a broad range of crop diseases. The company is on track to achieve one billion US dollars in sales of products containing ADEPIDYN® technology, marking the first time its active ingredient achieves this milestone in only eight years.  

“ADEPIDYN® technology is a game-changer for modern agriculture and enables farmers to grow crops more sustainably,” said Ioana Tudor, Global Head of Marketing at Syngenta Crop Protection. “It represents a significant milestone in our efforts to secure high yields with low impact to the planet and is exciting because of its high levels of consistency and effectiveness. We’re very proud that our innovation is delivering such impact.”

Worldwide, farmers lose an estimated 10-23 percent of their crops to fungal diseases each year. An additional 10-20 percent is lost post-harvest. In the top five most important calorie crops – rice, wheat, corn, soybeans and potatoes – fungal infections have been estimated to cause yield losses that could feed at least 600 million people every day for a year.

ADEPIDYN® technology offers a new solution that effectively fights fusarium head blight in wheat, which produces mycotoxins that contaminate harvests and threaten human and animal health. In addition, it offers a step-change in performance against a wide spectrum of other important diseases, such as septoria in wheat and net blotch in barley. ADEPIDYN® technology is registered in more than 100 crops including corn, soybean, peanuts, vegetables, potatoes, grapes, tomatoes and fruit crops.

ADEPIDYN® technology embodies Syngenta’s commitment to sustainable innovation, core to its new Group-wide sustainability priorities announced in April. The effectiveness and long-lasting activity of the technology enable low use rates and potentially fewer sprays especially in leaf spot diseases, while safeguarding beneficial organisms. It is also an important tool for resistance management. The technology works by inhibiting the activity of an enzyme that is essential for fungal respiration, starving the fungi from the energy they need to survive. It is designed to adhere to the plant surface and to penetrate rapidly through the leaf surface – creating a reservoir of active ingredient in the waxy layer of the plant tissue that enables even distribution and long-lasting protection as the plant grows.

ADEPIDYN® technology on track to be first

Collaboration will bring together BioPrime’s cutting-edge SNIPR technology-based “Chiron” and Yara India’s expertise & leadership in crop nutrition.

 BioPrime AgriSolutions, a leading ag-biotech startup harnessing the power of agricultural biotechnology for sustainable and resilient farming practices, announced a strategic partnership with Yara India, a subsidiary of Yara International, the world’s leading crop nutrition company. Bringing together BioPrime’s cutting-edge SNIPR technology-based “Chiron” with Yara India’s expertise & leadership in crop nutrition, this collaboration marks a noteworthy milestone in serving farmers with sustainable solutions mitigating the risk of crop failures due to weather uncertainties & boosting the crop yields.

Chiron, developed by Bioprime, leverages the cutting-edge SNIPR technology, utilizing small molecules to modulate plant responses effectively. This fast-acting formulation is designed to enhance flower count and improve flower-to-fruit conversion, resulting in a significant increase in crop yields. Additionally, Chiron helps in delivering better qualitative parameters like uniformity of produce & higher-grade output leading to additional profits for the farmers. Farmers have benefited with its capacity to mitigate climatic uncertainties and provide them with a reliable solution for achieving superior crop yields despite changing and challenging agricultural conditions.

“We are excited to collaborate with Yara India to deliver sustainable solutions built on the back of nature for the benefit of farming community”, said Dr Renuka Diwan, CEO of BioPrime. “Together with Yara India, we have the huge opportunity to cater to the unmet needs of the farmers facing the brunt of weather uncertainties leading to loss in yield”.

Speaking on the partnership, Sanjiv Kanwar, Managing Director, Yara South Asia said, “We are delighted to announce Yara India’s strategic partnership with Bio Prime, a leading player in biostimulants. This alliance signifies not just our mutual commitment to innovation and sustainability, but also a shared vision of a greener future for India. Yara India is committed to enhancing crop nutrition and soil health, ensuring healthier crops and improved livelihoods contributing to a nature positive food future”.

This partnership between Bioprime Agrisolutions and Yara India marks a significant milestone in the agricultural sector, paving the way for innovation and sustainability in farming practices. Together, we are poised to empower farmers with the tools and solutions they need to thrive in an ever-evolving agricultural landscape.

Collaboration will bring together BioPrime's cutting-edge SNIPR

Under the terms of the agreement, Marut Drones will be employing state-of-the-art drone technology to administer a range of agricultural inputs developed by IFFCO Agri-products.

In a significant move towards revolutionizing agricultural practices in India, the Indian Farmers Fertilizer Cooperative Limited (IFFCO) has entered a strategic partnership with Marut Drones to undertake drone spray operations across an extensive area spanning up to 5 lakh acres. This collaboration marks a pivotal step towards enhancing agricultural productivity and efficiency in the states of Andhra Pradesh (AP) and Telangana.

Under the terms of the agreement, Marut Drones will be employing state-of-the-art drone technology to administer a range of agricultural inputs developed by IFFCO Agri-products. This initiative aims to optimize crop yields while minimizing environmental impact, ultimately contributing to sustainable agricultural practices.

One of the key highlights of this tie-up is the creation of demand for rural entrepreneurs who have already invested in drone technology. By providing drones as a service (DAAS) for farmers, this collaboration empowers local communities and fosters self-employment opportunities. Additionally, individuals keen on acquiring agricultural drones can avail themselves of government subsidies, facilitating their participation in the initiative and enabling them to offer drone services to farmers on a pay-per-acre basis.

DAAS enables farmers to access drone technology through rural drone entrepreneurs at a per-acre cost, ensuring affordability and accessibility even for small-scale farmers. Furthermore, drone owners and service providers can enroll with Marut to receive incentives for spraying IFFCO products on every acre.

Commenting on the partnership, Co-founder and CEO of Marut Drones Prem Kumar emphasized the transformative role of technology in modern agriculture stating, “This collaboration signifies a paradigm shift in farming practices, allowing farmers to minimize direct contact with pesticides, thereby safeguarding their health. Furthermore, the utilization of drones addresses labor shortages by completing tasks in a fraction of the time it would take manually, significantly enhancing operational efficiency.”

The IFFCO & Marut Drones tie-up underscores a shared commitment to innovation and sustainability in agriculture, paving the way for a more prosperous and resilient farming ecosystem. By harnessing the power of drone technology, this collaboration seeks to empower farmers, drive economic growth, and ensure food security for future generations.

Under the terms of the agreement, Marut

The company has reported total income of Rs 2555.23 crores during the period ended March 31, 2024, as compared to Rs 2874.44 crores during the period ended March 31, 2023.

DCM Shriram Limited has reported Consolidated financial results for the period ended March 31, 2024. The company has reported total income of Rs 2555.23 crores during the period ended March 31, 2024, as compared to Rs. 3172.65 crores during the period ended December 31, 2023. The company has posted net profit / (loss) of Rs 117.80 crores for the period ended March 31, 2024, as against net profit / (loss) of Rs. 240.48 crores for the period ended December 31, 2023.The company has reported EPS of Rs 7.55 for the period ended March 31, 2024, as compared to Rs. 15.42 for the period ended December 31, 2023.

The company has reported total income of Rs. 2555.23 crores during the period ended March 31, 2024, as compared to Rs.2874.44 crores during the period ended March 31, 2023. The company has posted net profit / (loss) of Rs.117.80 crores for the period ended March 31, 2024, as against net profit / (loss) of Rs186.67 crores for the period ended March 31, 2023.The company has reported EPS of Rs.7.55 for the period ended March 31, 2024, as compared to Rs.11.97 for the period ended March 31, 2023.

The company has reported total income of Rs.11529.83 crores during the Financial Year ended March 31, 2024, as compared to Rs 12199.19 crores during the Financial Year ended March 31, 2023. The company has posted net profit / (loss) of Rs.447.10 crores for the Financial Year ended March 31, 2024, as against net profit / (loss) of Rs.910.84 crores for the Financial Year ended March 31, 2023.

The company has reported total income of

In FY24 consolidated revenues from operations increased to Rs 9,561 crores from Rs 9,374 crores in FY23.

Godrej Agrovet Limited has announced its financial results for the fourth quarter and full year ended March 31, 2024. The company reported consolidated revenues from operations of Rs 2,134 crores in Q4 FY24 as compared to Rs 2,095 crores in Q4 FY23. Company reported consolidated EBITDA, excluding non-recurring & exceptional items, of Rs. 164 crores in Q4 FY24 as compared to Rs 76 crores in Q4 FY23. Company reported Profit before tax*, excluding non-recurring & exceptional items, of Rs. 83 crores in Q4 FY24 as compared to Rs. 2 crores in Q4 FY23.

In FY24 consolidated revenues from operations increased to Rs 9,561 crores from Rs 9,374 crores in FY23. Company reported consolidated EBITDA, excluding non-recurring & exceptional items, of Rs 757 crores in FY24 as compared to Rs. 564 crores in FY23.Company reported Profit before tax*, excluding non-recurring & exceptional items, of Rs 434 crores in FY24 as compared to Rs 280 crores in FY23.

Commenting on the performance, Balram Singh Yadav, Managing Director, Godrej Agrovet Limited, said, “The financial year 2023-34 augured well for Godrej Agrovet in terms of robust surge in profitability over FY2022-23. This growth in profitability was primarily driven by exceptional performance of domestic crop protection business, structural turnaround of dairy business, market share gains in Animal Feed and robust volume & margin growth in branded products in our poultry business.

In our Vegetable Oils business, lower end-product prices, which came off record highs of FY23 and normalized during FY24, resulted in lower segment margins as compared to FY23. Company’s domestic crop protection business delivered stellar performance primarily driven by higher volumes of in-house and in-licensed products. Animal Feed business recorded double-digit growth in volumes in cattle feed and fish feed categories and significant increase in segment margins led by softened commodity prices and higher realizations in the aforementioned categories. Our Dairy business achieved remarkable turnaround and returned to profitability. This was driven by focused efforts on improving operational efficiencies and improved milk spread. The Poultry business also recorded robust improvement in profitability on the back of higher live bird prices and increase in volumes of branded product portfolio”.

In FY24 consolidated revenues from operations increased

 In the first phase of expansion, Hectar Global will focus on catering to the market demand in spices and pulses categories.

Chennai based B2B cross-border agri-trade startup Hectar Global today announced its strategic expansion into the Bangladesh market to strengthen its downstream trade capabilities. The move is in line with Hectar’s global expansion strategy, which is to set up direct operations in key origination or destination markets to enable seamless trade of agri commodities. In line with the expansion, the company has set up a HQ office in Dhaka and a pulses processing factory in Faridpur.

In the first phase of expansion, Hectar Global will focus on catering to the market demand in 2 categories – spices and pulses, including products such as dry red chilies, turmeric, red lentils, chickpeas, and yellow peas.

Commenting on the expansion, Srinath Srinivasan, CEO of Hectar Global said “We are excited about the capabilities we’re building in the Bangladesh market. As a nation, Bangladesh relies heavily on food imports, purchasing over US$15 billion in agricultural commodities every year. In this vibrant import market, we are eager to introduce our services and platform, which will enable local food businesses and manufacturers to source their raw materials directly from global vendors. With our platform, coupled with our direct presence in Bangladesh, we offer our customers a unique advantage: the cost benefits of cross-border purchasing with the convenience of local transactions.”

To cater to the growing import demand for pulses, Hectar Global has also set up a pulses processing facility in Faridpur, about 100 kilometres from Dhaka.

Adding to this, Srinath Srinivasan said “Our pulse processing factory in Bangladesh, allows us to contribute more than just importing pulses into the market, enabling us to value add and move a step further in the downstream supply chain. We have also introduced our brand of red lentils into the Bangladesh market, and we have more commodities in the pipeline to strengthen our presence. Over this year, we will expand our product portfolio in this market to include non-basmati rice, maize, oilseeds, and sugar.”

Hectar Global currently has a 7-member team in Bangladesh and is actively hiring for sales, finance and operations roles to handle the expansion.

 In the first phase of expansion, Hectar