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HomePosts Tagged "South Korea"
Company News, Fungicides, World

UPL to acquire Corteva Agriscience’s global mancozeb fungicide business outside of China, Japan, South Korea and EU member countries

UPL Ltd. the global provider of sustainable agricultural solutions, announces the planned acquisition of Corteva Agriscience’s solo mancozeb global fungicide business outside of China, Japan, South Korea, and EU member countries.

The acquisition will give UPL ownership of Dithane, the original global mancozeb brand which has provided farmers with a reliable disease management solution, as well as access to Rainshield technology which enables crop protection in wet weather conditions.

Mancozeb is a highly effective protective fungicide used to prevent plant diseases across a range of crops, including rice, soybean, wheat, onions, potatoes, and other vegetables and fruits. Across the crop protection industry, mancozeb is also an increasingly important tool in managing fungicide resistance. UPL, the market leader in this technology, was instrumental in introducing mancozeb for soybean production in 2014, where it proved effective in controlling fungal diseases and boosting growth and yield.

Christina Coen, Chief Marketing Officer of UPL Corporation Ltd. said: “This acquisition is a meaningful milestone for UPL and for farmers, it strengthens our portfolio of solutions and leadership in the multisite fungicide market. We are committed to expanding our offering for plant disease management, and supporting farmers globally to achieve sustainable crop yields and enhanced food security outcomes.”

The acquisition is limited to Corteva’s solo formulations of mancozeb, with Corteva retaining ownership of premix formulations. The transaction is subject to customary approvals and is expected to conclude Q1 of FY24-25. This acquisition includes all data, registrations, trademarks for Corteva’s solo mancozeb products, and a license to the Rainshield technology but excludes manufacturing and formulation facilities.

UPL to acquire Corteva Agriscience's global mancozeb

Agribusiness, Agrotech, E-commerce, Supply Chain, World

The Online Wholesale Market, functioning as a nationwide platform allowing unrestricted 24/7 transactions, stands as a pivotal endeavour aligned with the Yoon Seok Yeol administration’s national agenda

South Korea’s Ministry of Agriculture, Food and Rural Affairs have held the opening ceremony for the Online Agricultural Wholesale Market. This market constitutes a pioneering initiative leading the digital transformation of agricultural product distribution.

At the ceremony, Chung Hwang-keun Minister of Agriculture underscored the unprecedented nature of the world’s first online agricultural wholesale market, articulating the Ministry’s aim to cultivate the market to a scale of KRW 3.7 trillion by 2027. He emphasised the overarching goal of reducing wholesale distribution costs by KRW 700 billion and ensuring that these economic gains mutually benefit producers and consumers.

The Online Wholesale Market, functioning as a nationwide platform allowing unrestricted 24/7 transactions, is a pivotal endeavour aligned with the Yoon Seok Yeol administration’s national agenda (71-2. Digital Innovation in Agricultural Produce Distribution). Its official commencement follows ten months of preparatory efforts since establishing a joint public-private task force in February.

To ensure the early settlement of the Online Wholesale Market, the Ministry will prioritize quality management of traded products. First, seller eligibility requirements include an annual transaction volume of over KRW 5 billion for producer groups and corporations. Detailed quality information, encompassing sweetness, acidity, colour, and size, will be provided alongside basic information. 

The Online Wholesale Market, functioning as a

Environment, Nature, Sustainability, World

The Globally Important Agricultural Heritage Systems (GIAHS) are communities which base their livelihoods and food security on their close relationship with their surroundings

The United Nations Food and Agriculture Organisation (FAO) awarded certificates to 24 new Globally Important Agricultural Heritage Systems (GIAHS) sites.

The 24 sites, which have been designated by FAO since the last ceremony in 2018, are located in 12 countries, including Brazil, China, Spain, Ecuador, Iran, Italy, Japan, South Korea, and Morocco.

At the award ceremony, which also marked the International Day for Biological Diversity, Qu Dongyu, FAO Director-General said that many of the GIAHS had become reservoirs of biological diversity.

“In the context of agri-food systems and rural areas, we need to consider the combined conservation of biodiversity and food diversity. This is the most pragmatic way to raise public awareness of biodiversity.

“Agricultural heritage systems showcase practices that offer solutions to climate change and biodiversity loss, in particular at the local level,” he said.

The Globally Important Agricultural Heritage Systems (GIAHS) are communities which base their livelihoods and food security on their close relationship with their surroundings.

24 new Globally Important Agricultural Heritage Systems (GIAHS) sites are:

Brazil: Traditional Agricultural System in the Southern Espinhaço Range, Minas Gerais.

China: Shexian Dryland Stone Terraced System; Anxi Tieguanyin Tea Culture System; Ar Horqin Grassland Nomadic System in Inner Mongolia; Qingyuan Forest-Mushroom Co-culture System in Zhejiang Province.

Ecuador: Andean chakra: An Ancestral Agricultural System of Kichwas Cotacachi Communities; Amazonian Chakra, a traditional agroforestry system managed by Indigenous communities in Napo province.

Iran: Qanat-based Saffron Farming System in Gonabad; Grape Production System in Jowzan Valley

Italy: Soave Traditional Vineyards; Olive groves of the slopes between Assisi and Spoleto

Japan: Biwa lake to land integrated system; Fruit Cultivation System in Kyoutou Region, Yamanashi.

Republic of Korea: Geumsan Traditional Ginseng Agricultural System; Damyang Bamboo Field Agriculture System.

Mexico: Ich Kool: Mayan milpa of the Yucatan peninsula.  

Morocco: Argan-based agro-sylva-pastoral system within the area of Ait Souab-Ait Mansour; The Ksour of Figuig: Oasis and Pastoral Culture Around the Social Management of Water and Land.

Spain: Agricultural System Ancient Olive Trees Territorio Sénia; Historical Irrigation System at l’Horta de València; Agrosilvopastoral system Mountains of León;

Thailand: Thale Noi Wetland Pastoral Buffalo Agro-ecosystem

Tunisia: Hanging Gardens from Djebba El Olia; Ramli Agricultural System in the Lagoons of Ghar El Melh.

 GIAHS, a flagship program of FAO, was established in 2002 to identify and protect important agricultural heritage sites and their associated biodiversity, landscapes, knowledge systems, and cultures. This network currently consists of 74 systems across the world, according to the FAO. 

The Globally Important Agricultural Heritage Systems (GIAHS)