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Finance

BASF’s preliminary figures reports 13.4% drop in sales in Q1 FY2023

Sales declined by 13.4 per cent in the first quarter of 2023 to €19,991 million (Q1 2022: €23,083 million). Germany based BASF has released preliminary figures for the first quarter…

Carbonwave announces close of $5M series A funding by Mirova’s Ocean Fund

Funding expands production capacity into high-value products that replace fossil fuel and animal-based products in the cosmetic emulsifiers, agriculture, textiles, and plastics industries Carbonwave, the world leader in upcycling the…

Citi, JICA announce co-finance loan to IndusInd Bank for agriculture sector

This social financing to IndusInd Bank will be used by farmers to purchase farm equipment, crops, seeds, and fertilisers Citi and the Japan International Cooperation Agency (JICA) have announced a…

Bayer’s Grants4Ag Program awards 21 crop science research grants for 2023

This year’s program addressed three innovation themes -sustainability traits, plant transformation technologies, and the gene editing potential of local plant varieties. Bayer announced its 2023 cohort of Grants4Ag grant recipients…

Govt disburses Rs 30 crores under PLI Scheme for drones industry

This scheme has multiple features to help the industry The Ministry of Civil Aviation has disbursed an amount of Rs 30 crores to the beneficiaries during the year 2022-23 under…

Bayer to invest 60 Mn euros in corn seed production facility in Ukraine

This investment includes a new seed dryer, state-of-the-art agricultural field equipment, storage facilities. Bayer has revealed an investment of overall 60 million euros from 2023 onwards in its corn seed…

Ocean Harvest Technology lists on AIM raises £6 Mn

The funds raised will enable the group to continue to strengthen its global sales team and build out its supply chain Ocean Harvest Technology, producers of animal feed additives from…

Mahindra sells 33,622 tractor units in domestic market during March 2023

 The company has clocked highest ever annual sale in FY’23 crossing 4 lakh units (Domestic + Exports) Mahindra & Mahindra Ltd.’s Farm Equipment Sector (FES), part of the Mahindra Group,…

“We need incentives like cheaper credit for the agri-financing intermediaries like Agri NBFCs” 

Sandeep Sabharwal, Group CEO of SLCM, spoke with AgroSpectrum about the use of Artificial Intelligence (AI) in the agri supply chain industry in India. Edited excerpts; Founded in 2009, Sohan…

Syngenta AG posts 19 % sales growth in FY2022

Sales of Crop Protection products increased by 21 per cent, 24 per cent at constant exchange rates and Seeds sales were 12 per cent higher than 2021, 16 per cent…

ADAMA posts 16% sales growth in FY2022

The growth for the whole year which was led by Brazil and China reflected strong market demand for crop protection products. Israel based agrochemical major ADAMA Ltd. has reported its…

Atlantic Sapphire raises $55 million in share issue

The company intends to use the proceeds to achieve steady production levels and profitability in Phase 1 of its flagship Florida RAS, which is designed to produce up to 9,500…

Mahindra acquires 100% stake in MITRA Agro Equipments Pvt Ltd

 As part of this acquisition, Mahindra fully bought out Omnivore’s stake in the business. This marks the agritech fund’s second exit in a little over six months.  Mahindra & Mahindra…

Agritech start-up QuantoAgro secures USD 650K to expand sustainable essential oils business

 Company will use this funding to increase production capacity, and diversify product mix. Mumbai based Agritech startup QuantoAgro has announced raising funds through angel/HNI round co-led by SANangels Network with…

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