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HomePosts Tagged "BASF Agricultural Solutions"
Agribusiness, Agro chems – Chemicals, Agro chems – Pesticides, Company News, India, Inputs

 In line with Asia Pacific strategy, BASF is developing solutions specifically for local market needs.

 Piercing and sucking pests pose a significant threat to agricultural crops in India, causing extensive damage amounting to 35 to 40% loss in the productivity and yield of the produce. Farmers in India can now manage this challenge with Efficon®, a new BASF insecticide launched today. Efficon is powered by BASF’s new active ingredient, Axalion® in a specialised formulation.

With its unique mode of action, Efficon Insecticide is among the first compounds in the market introduced under the new IRAC group 36 which represents a totally new class of insecticides (Group 36 — pyridazine) which has no known cross-resistance with existing products in the market, making it a superior insecticide resistance management tool.

Efficon Insecticide was first launched in Australia in 2023. India is one of the earliest countries in the world to obtain this new novel chemistry that will help support farmers manage tough sucking pests.

In line with Asia Pacific strategy, BASF is developing solutions specifically for local market needs. “At BASF, everything we do we do for the love of farming. We are dedicated to listening and working alongside farmers to understand their needs, so that we apply our expertise to help them successfully face the enormous challenge of protecting crops from pests and boosting productivity, supporting the biggest job on earth,” said Simone Barg, Senior Vice President, BASF Agricultural Solutions, Asia Pacific.

A valuable aspect of Efficon Insecticide is its unique mode of action. It is highly effective on multiple life stages of target pests like Aphids, Jassids and White flies. Upon application, Efficon quickly stops insects from feeding and plant injury. It provides long lasting residual control due to its systemic properties.

Due to its systemic properties, Efficon provides long lasting residual control even to the new crop growth. “This innovation reaffirms BASF’s commitment to help farmers across boundaries in managing a variety of existing sucking pests. Efficon will help Indian farmers in effective and long duration protection against insect pests in wide variety of crops like cotton and vegetables. Efficon is also highly compatible with non-target organisms and beneficial insects, including pollinators, when applied according to label instructions,” said Giridhar Ranuva, Business Director Agricultural Solutions, BASF India.

“This milestone with Efficon supports our goal of developing an insecticide portfolio that helps farmers worldwide. BASF is committed to helping Indian industry and agriculture maximize their potential. Indian growers deserve access to advanced solutions to help them achieve better yields managing resistance with innovations in sucking pests,” said Dr Marko Grozdanovic, Senior Vice President, Global Strategic Marketing, BASF Agricultural Solutions. “We are convinced that by providing farmers with effective and sustainable solutions, we can support them to meet the growing demand for food while reducing the impact on the environment, “he added.

 In line with Asia Pacific strategy, BASF

Company News, Europe, Finance

The decline in volumes attributes to higher channel inventories in individual core markets as well as lower agricultural commodity prices.

In a tough market environment, BASF Group sales in the second quarter of 2023 declined by 24.7 percent compared with the prior-year period to €17.3 billion. ″We faced low demand from our key customer industries, except for automotive, ″ said Dr Martin Brudermüller, Chairman of the Board of Executive Directors of BASF, when presenting the results together with Chief Financial Officer Dr Dirk Elvermann.

In the Agricultural Solutions segment, sales of €2.2 billion were 9.3 percent below the level of the prior-year quarter. The main reason for this was the decline in volumes due to higher channel inventories in individual core markets as well as lower agricultural commodity prices. At €213 million, EBIT before special items was 4.3 percent below the prior-year quarter, especially due to lower volumes.  Sales performance was also weighed down by currency effects. Significant increases in prices in all regions and indications had a positive effect.

A slight sales increase in Europe was mainly driven by considerably higher prices compared with the prior-year quarter. This more than compensated for lower volumes, primarily in fungicides, and negative currency effects, in particular in Turkey, Russia and Ukraine.

In North America, sales were considerably below the level of the prior-year quarter due to lower volumes, especially of herbicides, and negative currency effects, mainly from the Canadian dollar.

Sales in Asia declined considerably, primarily due to lower volumes of herbicides and fungicides. Currency effects, particularly in China and India, also had a negative impact on sales performance. Prices, on the other hand, were increased considerably.

Sales declined significantly in the region South America, Africa, Middle East. This was mainly driven by lower volumes, particularly in fungicides in Brazil, as well as negative currency effects, especially in Argentina. This could only be partially offset by considerably higher prices.

The decline in volumes attributes to higher

Agrotech, Company News, IT, Textile industry

The platform enables tracing of sustainably produced FiberMax® cotton from seed to sew

BASF Agricultural Solutions has initiated a ‘Seed 2 Sew’ pilot project to establish a blockchain platform as a response to one of the most complex supply chains – cotton production. Fashion brands can now be guaranteed greater transparency and traceability when sourcing sustainable cotton.

Classically, the traceability within the cotton value chain has been limited from ginning to end fabric. Farmers have often been left behind due to a mere lack of applications, infrastructure, and technology to record and certify their inputs. This leads to an information and trust gap in the textile industry.

To close this gap, BASF Agricultural Solutions has partnered with five farms in their existing Certified Sustainability FiberMax® cotton program and other local players along the cotton value chain in Greece – the largest cotton producing country in Europe – to guarantee a professional and transparent system of supplying sustainable cotton to the fashion industry. It follows the journey of a cotton garment starting from BASF seed all the way to retail. All the partners are within 250 km radius from Komotini to Thessaloniki, Greece, which additionally allows to reduce the carbon footprint of manufacturing cotton garments.

Bext360, a supply chain sustainability software service company, has partnered with BASF to digitalize the cotton supply chain onto a blockchain platform which uses Hyperledger to bring greater IT flexibility and lower energy use: 99.95 per cent compared to earlier blockchain networks. Traceability and transparency are now in the hands of the end customer by using fully digitized and secure crypto blockchain technology, where every step along the value chain must be approved on a digital record by everyone on the network. “We are proud to advance our longstanding commitment to sustainability and digital advancement, leveraging the power of blockchain technology,” said Gustavo Palerosi Carneiro, Senior Vice President Agricultural Solutions EMEA & CIS at BASF Agricultural Solutions. “Offering such digital tools to farmers and consumers is another important step towards reaching our sustainability commitments”.

After this first concept milestone, BASF will continue to work on the blockchain ensuring data points are covered during the current harvest and will explore the tokenization aspects available in every blockchain platform. These are a reward system for sustainable practices which could be used for offsetting and/or in setting carbon emissions in the value chain.  

The platform enables tracing of sustainably produced