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HomePosts Tagged "latest news" (Page 5)
Finance

UPL has delivered another quarter of strong business performance in a challenging environment

UPL Limited has recently reported financial results for the third quarter of FY22 (Oct-Dec 2021). Q3 FY22 revenue witnessed robust growth of 24 per cent YoY to reach Rs 11,297 crore, led by healthy growth in volumes (+11 per cent) and better product realisations (+13 per cent). Further, Q3 FY22 EBITDA grew by 21 per cent YoY to Rs 2,666 crore as against Rs 2,209 crore in Q3 FY21.

Commenting on the performance, Jai Shroff, CEO – UPL Limited, said “UPL delivered another quarter of strong business performance in a challenging environment with growth across all regions except India. We are confident of continuing this business momentum and ending the fiscal year 2022 on a strong note.” “We also undertook multiple initiatives to re-imagine sustainability and in Q3, we successfully raised a sustainability loan of $700 million.”

He added, “At the same time, furthering our commitment to the Gigaton challenge, our digital platform ‘nurture.farm’ successfully completed its Crop Residue Management Program, thereby preventing release of over 1 million tons of carbon emissions. Taken together, these initiatives underscore UPL’s commitment to sustainability as we continue to raise the bar for the industry as a whole with UPL being ranked once again as the #1 global crop protection company amongst its peers by Sustainalytics in its 2021 ESG rankings.”

UPL has delivered another quarter of strong

Environment, Interaction

Experts from different backgrounds explained the latest advances proving the commitment of producing countries to sustainable palm oil production

The Council of Palm Oil Producing Countries (CPOPC) has organised a webinar ‘Net-Zero Emissions: Achievements and Way Forward in the Palm Oil’s Production’ on January 26, 2022. The webinar presented facts and figures on palm oil industry is well on its way to achieving carbon neutrality.

During the opening session, MEP Seán Kelly underlined the need for a partnership between the European Union and producing countries, and reaffirmed that palm oil can be produced sustainably. MP Kelly’s statement assuring progress on sustainability was confirmed by CPOPC Executive Director Tan Sri Dr Yusof Basiron, who insisted that the palm oil industry had started working on carbon neutrality well before other sectors and recalled the crucial role of this oil in the development of producing countries.

Experts from different backgrounds explained the latest advances proving the commitment of producing countries to sustainable palm oil production. The scientific data presented during the event, once again demonstrated that the false narratives concerning palm oil, in particular concerning its role in deforestation, must and can be debunked.

Dr Rosediana Suharto, Director of the Indonesian NGO Responsible Palm Oil Initiative, clarified that deforestation in Indonesia is constantly decreasing and that the palm oil industry is constantly evolving to operate in a sustainable way, in accordance with the strict measures of the government. She emphasised the crucial role of smallholders as well as their interests in the global palm oil debate.

The importance of smallholders was also highlighted by Dr Ruslan Abdullah, Malaysian Palm Oil Council, who gave a comprehensive overview of Malaysia’s performance in reducing CO2 emissions compared to other countries. other countries, outlining national measures to improve palm oil production and reduce GHG emissions.

Experts from different backgrounds explained the latest

Inputs

AgBiome’s research is focused on developing biological pest control solutions for the following crops: maize, sorghum, banana and yam.

AgBiome, the leader in developing innovative products from the Earth’s microbial communities, announced the Bill & Melinda Gates Foundation has continued their granted support, funding phase 2 research aimed to develop novel, efficacious, safe and low cost of production microbial pesticides (fungal control and nematicide) for smallholder farmers in sub-Saharan African countries. AgBiome’s research is focused on developing biological pest control solutions for the following crops: maize, sorghum, banana and yam.

The overarching goal of this project is to leverage AgBiome’s scientific expertise, infrastructure, and previous success developing biological fungicides to develop microbial solutions that will benefit small-holder farmers in African countries.

AgBiome has successfully achieved milestones in phase 1 of this project, including:

  • Successfully developing microbial screening assays against the target diseases
  • Identification of 100 microbial strains with confirmed activity against one or more of the target fungal diseases and 25 strains prioritised for further evaluation.
  • Identification of 20 nematicidal bacterial strains able to control the root knot nematodes (RKN) on-plant and three lead strains prioritized for further evaluation.

In phase 2 of this research, AgBiome will focus on the evaluation of the strains prioritised in the phase 1 of the project under appropriate field conditions and select microbes with the best efficacy.

“Upon completion of phase 2, AgBiome will provide production-ready lead and backup strains with proven efficacy to control a spectrum of fungal diseases and nematodes in the key sub-Saharan African crops,” said Dave Ingham, Pre-product Manager at AgBiome.

AgBiome's research is focused on developing biological

Finance

The company recorded consolidated revenue of Rs 901.4 crore for the period ended on December 31, 2021, a growth of 29 per cent over PY of Rs 697.3 crore.

Delhi-based agro-inputs major, Best Agrolife Limited has announced its financial results for Q3FY22 on January 25, 2022 in their Board of Directors meeting.

Commenting on the results, Managing Director of BAL, Vimal Alawadhi said, “The current quarter’s performance would be sustainable in quarter 4 too, as the production will soon commence in its newly set up state-of-the-art formulation unit Seedlings India Limited where BAL’s new proprietary formulation ‘RONFEN’ will also be produced. Above all, the strategic alliances with premier customers including leading MNC’s are also being formed under which new businesses will commence with newly launched high value speciality products.”
 
The company recorded consolidated revenue of Rs 901.4 crore for the period ended on December 31, 2021, a growth of 29 per cent over PY of Rs 697.3 crore. Profit before tax was at Rs 91.3 crore, with a growth of 466 per cent over PY of Rs 16.1 crore and the profit after tax was Rs 66.6 crore, registering a growth of 464 per cent over PY of Rs 11.8 crore. EBITDA was at Rs 103.7 crore (11.5 per cent) with a growth of 628 per cent over PY of Rs 14.2 crore (2 per cent).

Moving ahead with their expansion plan BAL has now acquired Agrico Chemicals through a cash deal of Rs 10.22 crore. Agrico Chemicals is situated at Phase-1, SIDCO Industry Complex, IGC Samba, Jammu & Kashmir.

This acquisition is crucial for BAL in many ways. Other than increasing the company’s revenue by Rs 150 crore approximately this unit will also add formulation capacity of 8000 KL/MT per annum. The plant at Agrico Chemicals will be specifically dedicated to proprietary formulations like WG, SC, and EC.

The company recorded consolidated revenue of Rs

Company News, People

Mike served as Executive Vice President and CEO, Nutrien Ag Solutions.

UPL, a leader in global food systems and sustainable agriculture technologies, has announced that it is appointing Mike Frank as President and Chief Operating Officer UPL Crop Protection. Mike brings deep industry knowledge and extraordinary ‘end-to-end’ expertise, gleaned from his years at Monsanto and most recently at Nutrien, where he served as Executive Vice President and CEO, Nutrien Ag Solutions.

Jai Shroff, Group CEO of UPL, said, “Agriculture is one of the only systems on the planet that has the ability to reshape and reverse the effects of climate change. Mike’s global perspective, entrepreneurial style and hands-on approach, coupled with a deep understanding of global food security challenges and driving passion for environmental and economic sustainability, makes him an excellent cultural fit to take UPL to the next level.”

Mike Frank said, “I’m very impressed with UPL’s leadership in sustainability and the OpenAg ‘Reimagining Sustainability’ platform, which takes a unique approach at bringing together the various stakeholders in the food and agriculture ecosystem, focusing on helping farmers, advancing new and more sustainable technologies and feeding a growing planet. It’s an honour to join this dynamic team.”

UPL Group is re-imagining sustainability across the breadth of its operations, powered by its OpenAg purpose to create sustainable growth for all.

Mike served as Executive Vice President and

Agro chems – Fertilizers

The Company was first recognised for this achievement in 2019.

The International Fertiliser Association (IFA) has confirmed PhosAgro’s status as an Industry Stewardship Champion for its responsible and sustainable approach to production. The Company was first recognised for this achievement in 2019.

The IFA’s Industry Stewardship Champion label is granted to companies that are IFA Protect & Sustain certified and actively participate in all IFA benchmarks on Safety Performance, Environmental Performance, and Energy Efficiency & CO2 Emissions. This Award highlights their commitment to continuous improvement, transparency, and the use of the best available techniques in the areas of energy efficiency and resource conservation, occupational health and safety, and environmental protection, and it attests to the fact that industry champions have best corporate policies in place in these areas.

“Ensuring industrial safety, safeguarding occupational health and creating comfortable working conditions for our employees remain priorities for the Company,” said Andrey Guryev, CEO of PhosAgro, commenting on the IFA decision.

The Company was first recognised for this

Agrotech

Agriculture Intelligence has announced a multi-year partnership with NAU Country for its award-winning AI platform Agroview.

Agriculture Intelligence, a precision agriculture-science company combining automation, remote sensing and artificial intelligence to provide cloud-based, precision data for specialty crops, has announced a multi-year partnership with NAU Country for its award-winning AI platform Agroview.

NAU Country is America’s original Multi-Peril Crop Insurance (MPCI) company and one of the largest federal crop insurance providers in the United States, specialising in MPCI, Crop-Hail, and Named Peril insurance products. The company is part of QBE Insurance Group Limited, a global insurance leader focused on helping solve unique customer risks worldwide.

Matthew Donovan, CEO of Agriculture Intelligence and Product Officer for Agroview said, “We believe sampling methods are a thing of the past. Drone technology must be complimented by smart technology and Agroview drives business value. The guessing game is over.”

“At NAU Country, we have high standards for our technology partners. We have heavily invested in drone technology, but knew that with the right partner we could do even more – we could use flight imagery and machine learning to help automate tree counts.” said Chief Marketing and Technology Officer Michael Deal at NAU Country.

Agriculture Intelligence has announced a multi-year partnership

Agrotech

This programme represents a comprehensive solution designed specifically to combat nematodes

Netafim USA, a subsidiary of Netafim Limited has announced its partnership with Bayer to create the Precise Defense programme. This programme represents a comprehensive solution designed specifically to combat nematodes, an invisible but devastating threat to the health and productivity of almond trees. Precise Defense delivers a powerful one-two punch by utilising Netafim’s precision drip irrigation technology to deliver VelumÒ One Nematicide and other crop protection products directly to the root zone. This delivery method maximises residual efficacy through uniform application rates and significantly reduces the amount of water used to irrigate almond trees.

Growers who purchase a complete Netafim Dual Line Drip Irrigation System from an authorised dealer and purchase two annual applications of Velum One from an authorised dealer are qualified to earn a $40 per acre rebate. Over a three-year trial, Velum One treated trees returned an average yield increase of 18.1 per cent, or 292 pounds per acre.

“Netafim’s cutting edge drip irrigation systems improve irrigation uniformity and have the ability to reduce the amount of water needed to grow a pound of almonds by 20 per cent. In addition, our systems provide an efficient and effective delivery solution for Velum One and other crop protection chemicals,” said Mike Hemman, President and CEO, Netafim USA.

“The Precise Defense programme is a best-of-both-worlds partnership that addresses today’s almond growers’ most pressing concerns and now incentivises them to voluntarily adopt better solutions to combat climate change. By participating in the Precise Defense rebate program and investing in a drip irrigation system, growers can feel confident they have the tools to mitigate nematode damage, maintain, and use water more efficiently.” said Chuck Bates, Vice President of Products and Agronomy, Netafim USA.

This programme represents a comprehensive solution designed

Agrotech, Start ups

The section will showcase latest technologies & innovations transforming agriculture.

The 12th AGROVISION, India’s Premier Agri Summit, scheduled from December 24-27, at Reshimbagh Ground, Nagpur, will witness the latest technology & innovations transforming Agriculture with the latest products and start-ups from all around India. The conference will have a special pavilion for ‘Technology Innovation’ at the 12th Agrovision.

As Agriculture witnesses new innovations and technology, it becomes important to understand latest innovations and products. In the workshop at Agrovision 2021, experts will be present throughout the expo to give detailed information on latest technologies, products and agri-tech start-ups.

Farmers from in and around Vidarbha and adjoining states will be participating in the event this year. Furthermore, conferences on current issues in agriculture and allied agri sectors will be held. Around 400 exhibitors are likely to participate in the event.

The exclusive media partner is Agro Spectrum India along with BioSpectrum India and Nufoods Spectrum India. MM Activ Sci-Tech Communications is the organiser of the event.

The section will showcase latest technologies &

Interaction, Oilseeds

Experts will guide on ways to enhance the productivity of traditional rain-fed oilseed crops in the workshop

The 12th AGROVISION, India’s Premier Agri Summit, scheduled from December 24-27, at Reshimbagh Ground, Nagpur, will initiate a free workshop on “Enhancing productivity of Traditional rainfed oilseed crops”.

India is the 5th largest oilseed crop producing country in the world yet we are one of the top importers of vegetable oil. Witness how you can enhance the productivity of oilseed crops at Agrovision2021.

Agrovision was conceived in the year 2007 to create a common platform for the farmers, industry, and government and bring together every important entity in agriculture to create a better future for the farmers. The vision of Agrovision is to create a more knowledgeable, practical and a smart famer.

Farmers from in and around Vidarbha and adjoining states will be participating in the event this year. Apart from this, there will be free interactive workshops for farmers. Conferences on current issues in agriculture and allied agri sectors will be held. Around 400 exhibitors are likely to participate in the event.

The exclusive media partner is Agro Spectrum India along with BioSpectrum India and Nufoods Spectrum India. MM Activ Sci-Tech Communications is the organiser of the event.

Experts will guide on ways to enhance

Agrotech, Uncategorized

Retailers can now plan, forecast, and monitor profit margins, while improving customer retention with one platform

GROWERS, a North Carolina-based agriculture technology company, has announced that after a year of testing, its flagship product GROWERS Rally is available for commercial use. GROWERS Rally was created to help ag retail stay relevant in today’s competitive sales environment. Sellers can access a single view of the customer, forecast future sales, organise farm and product information, and make informed, meaningful recommendations.

“GROWERS Rally is built around the needs of agriculture retailers and their farmer customers. The need for close collaboration between farmers and ag retailers has never been more important. Based on our experience in this market, we found that most existing solutions only partially address those needs or are too cumbersome,” said Steven Valencsin, CEO, GROWERS.

GROWERS Rally is for every level of the Ag retail organisation. Front line sellers get helpful information such as universal pricing and product lists, view historical sales, easily apply manufacturer rebate programs, and the ability to quickly and easily send product and price quotes directly to customers via text message or email.

Andi D’Agostino, VP of Product, GROWERS said, “The goal of the GROWERS Rally team is to accommodate but decrease the complexity our users navigate every day as frontline sellers, managers, and retail support staff. If we really understand their needs, we can remove busy-work and create insights so that they can focus on what only they can do, build a strong business.”

Retailers can now plan, forecast, and monitor

Live Stock, Poultry

Opportunities and challenges of poultry production in Vidarbha will be highlighted in the workshop

The 12th AGROVISION, India’s Premier Agri Summit, scheduled from December 24-27, at Reshimbagh Ground, Nagpur, will initiate a free workshop on ‘Poultry Production in Vidarbha: Opportunities & Challenges’. India ranks 3rd in egg production and 7th in chicken meat production in the world; the workshop will highlight the opportunities and challenges in this field.

Farmers from in and around Vidarbha and adjoining states will be participating in the event this year. Apart from this, there will be free interactive workshops for farmers. Conferences on current issues in agriculture and allied agri sectors will be held. Around 400 exhibitors are likely to participate in the event.

The exclusive media partner is Agro Spectrum India along with BioSpectrum India and Nufoods Spectrum India. MM Activ Sci-Tech Communications is the organiser of the event.

Opportunities and challenges of poultry production in

Agrotech

Expert will guide on biofuel generation from agri-waste in the workshop.

 The 12th AGROVISION, India’s Premier Agri Summit, scheduled from December 24-27, at Reshimbagh Ground, Nagpur, will initiate a discussion on agritech innovations. Over the years, Fossil Fuels have generated high greenhouse emissions, deadly air pollution, unstable fossil-based energy prices, and strong growth of global transportation fuel demand have boosted extensive research efforts in developing bioenergy.

The 12th AGROVISION has scheduled a free workshop on ‘Crop residue management and Biofuel generation from agri-waste’ during December 24-27, at Reshimbagh Ground, Nagpur.

This year farmers from in and around Vidarbha and adjoining states will be participating in the event. Apart from this, there will be free interactive workshops for farmers. Conferences on current issues in agriculture and allied agri sectors will be held. Around 400 exhibitors are likely to participate in the event.

The exclusive media partner is Agro Spectrum India along with BioSpectrum India and Nufoods Spectrum India. MM Activ Sci-Tech Communications is the organiser of the event.

Expert will guide on biofuel generation from

Uncategorized

The company plans to significantly increase its presence to 100 Growing Centers in 20 countries

Infarm, a rapidly growing urban farming company with a global presence, announced that it has raised $200 million in a Series D funding round. The investment included participation from existing and new investors, including the Qatar Investment Authority (QIA) – which will support the company’s expansion to countries in the Middle East – Partners in Equity, Hanaco, Atomico, Lightrock, and Bonnier.

The additional capital will serve to expand the deployment of the company’s vertical farms in the US, Canada, Japan and Europe, and to enter new markets in Asia-Pacific and the Middle East with both in-store farming units and Infarm Growing Centers. In 2023, Infarm will open its first Growing Center in Qatar, where it will harvest tomatoes, strawberries and other fruiting crops besides herbs, salads and leafy greens.

This new farming model can be as much as 400 times more efficient than soil-based agriculture and uses no chemical pesticides. It requires 95 per cent less land and uses 95 per cent less water by recycling water and nutrients and using the evaporated water of the plants. 

Goldman Sachs Bank Europe SE and UBS acted as financial advisors to Infarm on this transaction.

The company plans to significantly increase its