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HomePosts Tagged "sugar cane"
Agro chems – Pesticides, Company News, India

Introducing Cosayr and Lapidos, insecticides formulated through ADAMA’s fully backward integrated production

ADAMA Ltd. a leading global crop protection company announced the launch of Cosayr and Lapidos in India, its first insecticides containing the active ingredient Chlorantraniliprole (CTPR), benefiting from its new in-house production.

ADAMA India has launched Lapidos and Cosayr insecticides for paddy and sugar cane growers, offering effective defence against various pests and ensuring improved yields and crop quality. Lapidos is a GR formulation designed for broad application providing crop protection at the early growth stage. Cosayr is a foliar solution that combats stem borer and leaf folders that attack rice paddy crops, responsible for significant yearly crop losses.

“ADAMA has recognised CTPR as an important active ingredient for its future insecticide portfolio, part of our ‘Core Leap’ strategy,” said Walter Costa, VP of Marketing and Product Strategy at ADAMA. “The significance of this active ingredient for ADAMA is also evident in the strong cost position having fully backward integrated manufacturing capabilities. We are happy to add these important products to our offering in India and look forward to developing and providing more products based on CTPR.” 

“We take great pride in introducing Cosayr and Lapidos to Indian farmers, a testament to our commitment to delivering solutions and enhancing agricultural productivity,” said Sahin Ozkan, ADAMA India General Manager. “CTPR is becoming a significant ingredient in our portfolio in India to meet farmers’ needs, delivering on our promise to provide a comprehensive range of crop protection solutions.”

Introducing Cosayr and Lapidos, insecticides formulated through ADAMA's

AgroPolicy, Sugar industry

Guidelines have provision for two years moratorium and then five years of repayment expected to provide relief to financially weak sugar mills which have availed SDF loans

In order to facilitate rehabilitation of financially weak but economically viable sugar mills that have availed loans under the Sugar Development Fund Act, 1982, the Department of Food and Public Distribution issued guidelines for restructuring of SDF Loans under Rule 26 of the SDF Rules 1983 on 03.01.2022. The complete Guidelines are available at https://dfpd.gov.in/sdfguidelines-sdf.htm and at https://sdfportal.in.

The outstanding amount of default of SDF loans is Rs. 3068.31 crores (as on 30.11.2021) which include Rs. 1249.21 crores as Principal amount, Rs. 1071.30 crores as interest and Rs. 747.80 crores as additional interest due to default.

These guidelines are uniformly applicable for SDF loans availed by all types of concerns, including co-operative societies, private limited companies and public limited companies.

The guidelines have provision for two years moratorium and then five years of repayment which is expected to provide big relief to financially weak sugar mills which have availed SDF loans. Waiver of additional interest in full will be given to the eligible sugar factories. The rate of interest will be changed to the interest rate as per the prevailing bank rate on the date of approval of the rehabilitation package as per SDF Rule 26 (9) (a). These points will facilitate the reduction of the debt burden over these defaulting sugar mills.

A sugar factory that has been incurring cash losses continuously for the last three financial years or sugar factory’s net worth is negative, and the sugar factory is not closed/has not ceased to crush cane for more than two sugar seasons, excluding the current sugar season is eligible to apply for re-structuring.

Guidelines have provision for two years moratorium