Agrochemicals News Today

Zimbabwe's government conceded its unpreparedness for the severe El Niño-induced drought impacting southern Africa, mandating a budgetary realignment in 2024 to prioritize essential food imports, mitigating hunger risks.

Agtech firm BharatRohan raised $2.3 million in pre-IPO funding, led by Villgro Innovation Foundation, Caspian, RevX, and Venture Garage. This paves the way for scaled growth in their drone-based agricultural solutions.

A global meta-analysis reveals that optimizing irrigation and nitrogen fertilizer management can significantly enhance apple production. By adjusting water and nitrogen inputs to optimal levels, apple yields could increase notably.

In 2023, Agrogalaxy reported a loss of BRL334.5 million, with revenue down 18.9% to BRL9.3 billion, grappling issues like falling input and grain prices and El Niño effects. Ebitda stood positively at BRL342.2million, albeit 50% lower.

Indian multinational UPL achieves 60% revenue from bioinputs and premium products in Brazil. Aligning with its goal, UPL aims to balance revenue between traditional and sustainable products by 2027. Their global operation generated significant revenue in 2022.

India's agrifoodtech sector saw a 60% YoY drop in startup investment, reaching just under $1 billion from $2.4 billion in 2022. Despite the global agrifoodtech investment decline, India sustained steady deal activity, with 129 deals made.

Belgium-based agtech firm Biotalys has initiated field tests for BioFun-6, its second protein-based biofungicide developed on the AGROBODY platform. CEO Kevin Helash hails this as a crucial step showcasing Biotalys' bioactive ingredient advancement ability.

Plug Power plans to supply up to 3GW of electrolyzer capacity to Allied Green Ammonia's production facility in Australia. The strategic partnership seeks to build one of the world's largest green ammonia sites.

Black Sea Urea Price fell by 3% in April 2024, equating to $320 per ton. Meanwhile, US DAP Spot Price experienced an 11.7% decrease, reaching $545 per ton. Henry Hub natural gas price spiked to $1.68 per MMBtu.

The Government of India has approved the revival of the Talcher unit of Mls FCIL, resulting in the creation of Talcher Fertilizers Ltd. Their innovative Ammonia urea plant, the first coal gasification-based plant in India, will bolster urea production.