Agrochemicals News Today

Global biostimulants market, valued at billions annually, offers potential for grain and oilseed growers. Rising input costs, fertiliser restrictions, and extreme weather trigger interest in biostimulants, promising improved crop health and quality.

March 2024's fertilizer industry trends show a decline in commodity prices. Urea (FOB) dropped 10.53%, from USD 361/MT to USD 323/MT, and DAP (CFR) fell roughly 4.27% from the previous year.

Over 1500 participants gathered at the second Congress of Agricultural Distributors of Argentina in Buenos Aires, examining the current state and future of input distribution. Amid a new government, a restrained business environment was apparent.

OCI Global and COMPO EXPERT have committed to sustainability by beginning the production of NPK fertilizers with low-carbon ammonia, highlighting their dedication to reducing carbon footprint in the Indian Commodities Market.

Bayer Crop Science Canada is collaborating with University of Alberta to explore genetic diversity in Canada's top export crop, canola. This to strengthen hybrid canola, improve yield, and boost Canada's canola future.

India's Fertiliser Ministry effectively cuts subsidy expenditure by 23% in 2023-24, ensuring consistent supply of affordable fertilisers for farmers and influencing global prices. A strategic triumph for the Indian government's fiscal policies.

Abu Dhabi-based Fertiglobe approves a $200 million cash dividend for H2 2023, totalling $475 million for FY 2023, marking an industry high. The decision came at the Annual General Meeting where shareholders ratified the audited accounts.

Despite rising farming costs and falling commodity prices squeezing operating margins, growth in global fertilizer use is anticipated to persist, showing resilience to market challenges including geopolitical factors, says Rabobank.

MagrowTec and Certis Belchim have partnered to improve plant protection products and promote sustainable solutions. The collaboration leverages MagrowTec's innovative tech, enabling precision spraying for optimal coverage and minimized spray drift, thereby enhancing farm productivity and sustainability.

Investments in R&D by crop protection companies boost fight against weed resistance. Corteva's Thrive Enlist, featuring next-gen corn rootworm trait technology, offers versatile management of pest pressure, enhancing both above-ground and subterranean insect defense.