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HomePosts Tagged "Argentina"
Climate, Company News, World

Groundwork BioAg expands Global commercialisation of mycorrhizal inoculants

Groundwork BioAg announced that its flagship mycorrhizal inoculant – Rootella – has been approved for commercialisation in China, Argentina, and South Africa, expanding farmers’ access to a climate-smart solution to optimise plant and soil health, adding approximately 677 million acres (274 million hectares) of harvested cropland to the company’s potential customer base.  

Over the last few years, Groundwork BioAg expanded commercialisation in the United States, Brazil, India, Canada, Ukraine, and other countries in Europe. With the addition of China, Argentina, and South Africa, the company and its local partners can offer farmers – including those in four of the top agricultural markets – access to the most highly concentrated mycorrhizal inoculant products available.

“Growers face mounting environmental and financial pressures to produce the food, fuel and fibre the world demands,” said Hanan Dor, Chief Commercial Officer at Groundwork BioAg. “As the leading mycorrhizal inoculant supplier, Groundwork BioAg is committed to partnering with local distributors to provide nature-based solutions that fit into modern farming practices and align with the world’s sustainability goals.”

Groundwork BioAg expands Global commercialisation of mycorrhizal

Company News, Finance, World

Third quarter results significantly impacted by lower sales in Latin America channel destocking in all regions

FMC Corporation reported a third-quarter 2023 revenue of $982 million, a decrease of 29 per cent versus the third quarter of 2022 and down 29 per cent organically. On a GAAP basis, the company reported a net loss of $0.03 per diluted share in the third quarter, down 103 per cent versus the third quarter of 2022. Adjusted earnings were $0.44 per diluted share, a decrease of 64 per cent versus the third quarter 2022.

“Our results were significantly below the prior year driven by volume headwinds from a continuation of channel destocking behaviour that began in the prior quarter.  Destocking was much worse than anticipated in Brazil. Despite this, on-the-ground application remains steady as growers continue to protect their crops,” said Mark Douglas, FMC president and chief executive officer.  “Branded diamides and our new products outperformed the overall portfolio, which illustrates robustness for differentiated and higher value products even in challenging environments.”

Revenue in the quarter was driven by a 26 per cent decline in volume. Price increases in North America, EMEA and Asia were more than offset by price decreases in Latin America. FX impacts were neutral to revenue.  While overall sales were down 29 per cent, sales of products launched in the last five years were up 4 per cent year-over-year, with growth in all regions.

Sales in all regions declined versus the prior-year period as partners, the distribution channel and growers continued to reduce inventory levels. In North America, revenue was down 34 per cent year-over-year (down 34 per cent organically). EMEA revenue declined 1 per cent (down 4 per cent organically) compared to the third quarter of 2022, as higher pricing and FX tailwinds mostly offset lower volumes. Sales in Asia declined 28 per cent (down 23 per cent organically) as continued destocking across the region negatively impacted volumes. The region reported a 16 per cent growth in products launched in the last five years. In Latin America, revenue was down 33 per cent (down 36 per cent organically) year-over-year driven mainly by lower volumes primarily due to severe destocking in Brazil and, to a lesser extent, drought conditions in Argentina.  Globally, Plant Health revenue was down 20 per cent (down 17 per cent organically) versus the prior year driven by similar, but less severe channel destocking dynamics. 

Third quarter results significantly impacted by lower sales in Latin America channel destocking

Agri Genomics, AgroPolicy, SAARC, Textile industry

This is the second GM plant introduced in the country, following Bt brinjal in 2014

Bangladesh has introduced two types of genetically modified (GM) cotton to increase crop yields and reduce the need for imports.

This is the second GM crop introduced in the country, following Bt brinjal in 2014.

During a seminar held at the Cotton Development Board office in Dhaka, Muhammad Abdur Razzaque, Agriculture Minister stated that the introduction of Bt and hybrid varieties could help meet around 20 per cent of the domestic cotton demand, which amounts to approximately 1.5 million bales.

Spinning and weaving industries need an additional 85 lakh bales of cotton to produce yarn and fabrics for export-oriented garment factories.

According to local media, domestic growers can only supply two lakh bales of cotton. As a result, Bangladesh imports a significant amount of cotton from countries such as India, Pakistan, Brazil, Australia, Argentina, South Africa, and Central Asian countries, spending around Tk 33,000 crore annually.

The production cost of Bt cotton is 12-15 per cent lower than local varieties, with an average yield of 4,500 kg per hectare, 15-20 per cent higher.

This is the second GM plant introduced

AgroPolicy, India, R&D

The two countries to hold comprehensive talks between delegations comprising academia, R&D Institutes and Industry in the field of S&T and Biotechnology

India and Argentina have agreed to a bilateral exchange of young researchers and Startups, particularly in the field of Biotechnology and Agriculture.

This was stated by Dr Jitendra Singh Union Minister of State (Independent Charge) Science & Technology; when the Governor of Santa Fe province of Argentina, Omar Angel Perotti called on him, accompanied by a high-level delegation.

The two countries also decided to hold comprehensive talks between delegations comprising academia, R&D Institutes and Industry in the field of Science & Technology and Biotechnology, said the Minister.

Dr Jitendra Singh mentioned that a new Indo-Argentina call for joint proposals was launched on February 7, 2023, in the research areas of Energy Transition and Biotechnology jointly during his meeting with Argentina’s Minister of Science, Technology and Innovation, Daniel Filmus in New Delhi. A total of 82 joint proposals were received under the said call. These are under the evaluation process.

Santa Fe Province accounts for as many as 8 of these joint proposals, said Perotti, adding that the province also accounts for about 80 per cent of bilateral trade between India and the Latin American nation. The Governor mentioned that Santa Fe is the hub of R&D institutions in Biotechnology and Agricultural research especially in Soyabean, and close tie-ups with universities and industry in the province. Pioneering work has been done here in disease-resistant seed production, he said.

The Indian delegation evinced interest in collaborating in Geospatial technology, Quantum Computation and Bio-Enzymes. It was pointed out that India has the world’s third largest Startup ecosystem and there is huge potential for joint studies and collaboration at various levels such as institutional, universities and multilateral fora.

The two countries to hold comprehensive talks

Agro chems – Chemicals, Company News, World

Sierra is based on ADAMA’s unique formulation technology platform for improved consumer traits and robust efficacy on key broadleaf weeds

ADAMA Ltd. announces the registration of Sierra, its self-produced Saflufenacil-based herbicide formulation, the first off-patent product based on this active ingredient, in Australia.

Sierra, powered by ADAMA’s unique formulation technology platform, provides farmers with a critical resistance management tool for improved knockdown of annual grass and broadleaf weeds in various crop and non-crop situations while maximising efficiency and minimising loss of valuable soil moisture. Sierra’s superior and consistent performance in comparison to existing solutions has been confirmed by more than 100 trials conducted across different conditions.

“This significant milestone is the first global registration of saflufenacil, one of the active ingredients in our ‘Core Leap’ strategy,” said Walter Costa, VP of Marketing and Product Strategy at ADAMA. “The registration in Australia of this important molecule demonstrates our dedication to delivering innovative solutions that meet farmers’ needs and ADAMA’s agility to bring that strategy to life. We are excited to bring this patented, high-performance product to the market. It is part of our commitment to offer a complete range of crop protection solutions to cereals and pulse growers around the globe.”

ADAMA expects further registration approvals for this product to be obtained in the upcoming years in Brazil, Canada, Argentina, South Africa and others.

Sierra is based on ADAMA's unique formulation

Company News, Organic, Supply Chain, Transportation, World

This agreement with MGX is evidence of ONIT’s commitment to providing natural, organic agriculture inputs that perform as well or better than traditional chemical products to farmers around the world

ONIT Sciences announced that MGX will serve as the exclusive authorised distributor for ONIT’s innovative organic products across three major agricultural regions.

“This agreement with MGX is evidence of ONIT’s commitment to providing natural, organic agriculture inputs that perform as well or better than traditional chemical products to farmers around the world,” stated Jeff Moses, president of ONIT Sciences. “MGX is a proven performer, with a world-class team and deep connections to major crop producers in each region they serve. We are extremely excited to open these new markets and help support organic initiatives in countries that have been harmed by chemical farming protocols.”

MGX will carry all ONIT Science products, including its flagship ONIT Grow, a powerful bio-stimulant, surfactant and soil amendment that uses all-natural, organic ingredients to penetrate even the toughest plant surface to stimulate plant vigour and yield. Increases in yield have been documented as high as 40 per cent in some crops. Also available through MGX are the company’s ONIT Input Plus and ONIT Input products, which help farmers significantly reduce costs by enhancing the uptake and absorption of any nutrient, fertiliser or other input that it is mixed with.

“At MGX, we are excited about this new opportunity that will be a great extension to our existing lineup of quality products.  From our initial research, we can see that ONIT’s organic products will be well received within the agricultural communities and within the governments,” stated Moe Negin, Founder of MGX Global Trade Canada Corp. “Our mission is to give back to local communities in rural areas by supplying environmentally sustainable products to help our planet and for healthier future generations.”

Territories covered by this exclusive Authorized Distributor agreement include:

South America

Colombia, Peru, Brazil, Mexico, Panama, Argentina, Chile

Middle East/North Africa
Algeria, Turkey, Dubai, UAE, Bahrain, Egypt, Oman, Libya, Saudia Arabia, Qatar, Kuwait, Lebanon, Iraq, Israel, Jordan, Syria, Tunisia, Yemen

Philippines

This agreement with MGX is evidence of

Agro chems – Fertilizers, Agrotech, Company News, Europe, Sustainability

Green fertilisers, made with renewable electricity instead of natural gas, will significantly reduce the carbon footprint of farming and food

Norway-based Yara has signed a memorandum of understanding with El Parque Papas to deliver green fertiliser in 2023. The fossil-free, green fertilisers Yara will start producing next year will significantly reduce the carbon footprint of farming and food because they will be made with renewable electricity instead of natural gas. Using Yara´s green fertilisers for potato production will remove around 28.8 percent of greenhouse gas emissions at the farm level. For potato chips specifically, using green fertiliser will reduce the carbon footprint by around 5-10 per cent.

Yara was the first company in the world to land a commercial agreement to sell fertilisers made with 100 per cent renewable electricity and is one of the pioneers driving the introduction of green fertilizer to the world market. By choosing green fertilisers from Yara, food producers can lower their carbon emissions, which is required to reach the UN sustainability goals and Paris agreement. The production startup is planned to start up in the summer of 2023.

“Mass production of potato chips is actually a very complex operation involving many elements. My mission is to introduce a completely green, emission free potato in 2024. To do that, every company in the supply chain must take climate action. Collaboration is the only way to ensure that the end product is climate neutral. A farmer can only do so much. Yara helps us make the last piece of the puzzle emissions free – the fertilizer itself”, said Walter Hernández, CEO of El Parque Papas.

El Parque Papas is the biggest singular potato farmer in Argentina. Led by Walter Hernández, they supply 14,000 metric tons of potatoes every year to the Argentinian potato industry, including production of some of the most popular chips in the country.

Svein Tore Holsether, CEO of Yara said, “Most people probably don’t think about emissions when eating their chips. But there are huge opportunities to decarbonize snacks, if we find business models that enable each step of the value chain to contribute and to benefit. This is why the agreement between Yara and El Parque papas is important, we show that this can be done.”

Green fertilisers, made with renewable electricity instead

Agro chems – Pesticides, Inputs, Latin America, World

Bayer has launched Roundup Top in Argentina as the most concentrated glyphosate herbicide on the market. It is reportedly delivering very good performance among those who have already accessed this new product. Roundup Top addresses the issue of sustainability. Being the most concentrated liquid product on the market, it reduces the amount of plastic utilised for drums. Also, by changing the colour of the container for a white one, the segregation of the containers is improved. 

Alejandro Sebastian Gómez, Herbicides Manager – Regional Marketing Conosur en Bayer Crop Science, Argentina, reveals, “This herbicide is specifically for the pre-emergent and post-emergent control of annual and perennial weeds, both grasses and broadleaf, it is absorbed by leaves and green tissues, taking it to the roots, ensuring its effectiveness”. Gómez adds, “Important trials have been carried out to prove the efficacy of the product, we have done them with fallow land, within what are the main weeds and we have seen differences in performance, with much better results.” He also details that synergy can be done with the rest of the Bayer portfolio

Bayer has also decided to give a guarantee on Roundup Top. Gómez explains, “The producer will find the guarantee and even a refund in the terms and conditions in the event that the product does not meet the agreed conditions. That benefit is unique to the Roundup line. ″

The Bayer manager detailed what is coming for the firm for the remainder of 2022. In the context of the current instability in the country, Bayer is in a good market position since Roundup is produced by them in Argentina, therefore the bet is to continue growing ’with enormous challenges’. 

Bayer has launched Roundup Top in Argentina

Agrotech, R&D, World

Successful registration in Argentina is a major milestone for the global launch in over 100 crops, in more than 60 countries

Switzerland based Syngenta’s TYMIRIUM® technology has received regulatory approval in Argentina, bringing farmers closer to accessing the novel nematicide and fungicide for both seed and soil uses, that is highly effective even at low use rates.

TYMIRIUM® technology provides long-lasting protection against invisible yet highly destructive nematodes and soil-borne diseases – particularly the Fusarium species. Key benefits include its ability to safeguard plant roots from attack, translocate to above-ground parts of the plant and protect against early-season diseases. Simple to apply, it is also highly compatible with a wide range of other crop inputs.

“Plant-parasitic nematodes and soil-borne diseases are invisible threats that can devastate crops and lead to yield losses of up to 12 per cent globally per year – equating to an estimated loss of $150 billion a year for farmers. The development of TYMIRIUM® technology required an investment of over 10 years to bring it from discovery to market – a clear example of Syngenta’s commitment to address farming needs. Nematodes are present in almost all agricultural soils, attacking crops and opening a path to further fungal infection, and reducing farmers’ yield and produce quality”, said Jeff Rowe, President Global Crop Protection.

Products containing TYMIRIUM® technology will be launched in over 100 crops and in more than 60 countries around the world, under various trademarks in the coming years. VANIVA® – or EVIDIS® in selected markets – will denote soil-applied solutions that will provide early protection in a wide range of crops such as potatoes, tomatoes, banana, and sugarcane, and is compatible with multiple application methods including drip, drench and in-furrow. Seed treatment solutions will be marketed under the VICTRATO® brand, and will be available for crops including soybeans, corn, cereals, cotton, and rice.

Camilla Corsi, Global Head of Syngenta Crop Protection Research, said, “The positive impact of TYMIRIUM® technology on soil health reflects our growing understanding of this vital interaction, our increased R&D investment into building our capabilities at our Soil Health Center in Stein, Switzerland and globally, as well as our collaborations in this exciting field.”

Successful registration in Argentina is a major