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Summary of the main news
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In the Companies Section…
Financial results continue to dominate the Companies section, with Makhteshim-Agan Industries (MAI) and Cheminova registering agrochemical sales increases for 2007. American Vanguard and Herbos also posted strong growth, while Nufarm saw a solid first half to its fiscal 2008.
Monsanto has raised its earnings guidance for the third time in as many months, while Isagro has lowered its five-year sales and earnings projections.
Valent BioSciences agreed a Chinese research collaboration on the role of the plant growth regulator, abscisic acid, in crop stress management and disease resistance.
In this issue’s Interview section, the executive director of the Brazilian generic industry association, the AENDA, Tulio Oliveira, talks to Agrow about the recent revival of the sector and prospects for the future.
In the Europe section...
The European Commission has amended its proposed revision of the EU agrochemical registration Directive in response to the large number of changes put forward by the European Parliament last year.
An EU court has rejected DuPont’s application for the suspension of the EU phase-out procedure for the insecticide, methomyl.
The European Parliament calls for the industry to provide agrochemical production and sales data.
In the United States section...
The US soybean area is expected to rise by 18% this year, while maize plantings are set to fall by 8% after last year’s bumper crop.
In the World section...
The Canadian agrochemical regulatory authorities are deemed to have made satisfactory progress in meeting the recommendations of an audit conducted in 2003.
Bans on the cultivation of genetically modified canola expire in two Australian states, while Mexico paves the way for GM crop trials with the passage of new legislation.
More statistics on the Brazilian agrochemical market confirm that sales were up by more than 30% in 2007, with indications of a good start to this year.
In the Products section...
BASF points to an expansion in its seed treatment range, Syngenta debuts Dow AgroSciences’ herbicide, florasulam, in the US, and MAI gains Italian approvals for the benthiavalicarb-based fungicide, Vincare, and the tebuconazole-based fungicide, Icarus.
Chinese agbiotech company Origin Agritech outlines plans to field test several GM crops in 2008.
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