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HomePosts Tagged "fungicides"
Agro chems – Chemicals, AgroPolicy, Agrotech, Company News, India

The Ministry of Environment, Forests and Climate Change (MoEFCC) approved the environmental permit for the project

Tagros has announced plans to expand its production capacity of pesticide technicals and pesticide intermediates at the Panchayankuppam SIPCOT Industrial Park in Cuddalore district, Tamil Nadu. The project will cover an additional 5.50 acres.

The Ministry of Environment, Forests and Climate Change (MoEFCC) approved the environmental permit for the project, which is expected to commence in the first quarter of FY24, with completion scheduled for December 2024.

Tagros is one of the leading manufacturers and exporters of agrochemicals and intermediates. The company mainly synthesises Pyrethroids insecticides and Triazole fungicides, in addition to all kinds of herbicides, pesticide intermediates and other special products.

The Ministry of Environment, Forests and Climate

Agrotech, Finance

Bayer grew sales by double-digit percentages at herbicides, fungicides, and soybean seed & traits on a currency- and portfolio-adjusted basis

In the agricultural business (Crop Science), Bayer increased sales by 11.1 per cent (Fx & portfolio adj.) to 20.207 billion euros. The division grew sales significantly across all regions, especially in Latin America and Asia/Pacific. At Corn Seed & Traits, sales were up 9.2 per cent thanks to increased market share in North America and Latin America, as well as to higher prices worldwide. Bayer grew sales by double-digit percentages at Herbicides (15.4 per cent), Fungicides (13.8 per cent) and Soybean Seed & Traits (14.9 per cent) on a currency- and portfolio-adjusted basis. The main drivers were price increases for glyphosate-based products at Herbicides, and higher Fox Xpro volumes in Latin America at Fungicides. Soybean Seed & Traits benefited from higher volumes and prices, particularly in North America and Latin America.

EBITDA before special items at Crop Science increased by 3.6 per cent to 4.698 billion euros, resulting in a margin of 23.2 per cent. The growth in earnings was mainly driven by higher prices and volumes as well as contributions from ongoing efficiency programs. By contrast, earnings were diminished by a largely inflation-fueled increase in the cost of goods sold, as well as by negative currency effects of 387 million euros.

Bayer sees encouraging steps regarding glyphosate litigation in the US.

Bayer grew sales by double-digit percentages at