Agrochemical Companies

The Crop Care Federation of India (CCFI) on Thursday urged the government to reject patent evergreening for agrochemicals, arguing that such a move would harm farmers and local manufacturers by creating monopolistic market conditions. The industry body criticised a newly formed government committee examining data protection provisions for agrochemicals, claiming it would unfairly benefit multinational corporations and importers at the expense of domestic producers. CCFI Chairman Deepak Shah, in a statement, said extending patent protections beyond the standard 20-year period would lead to overpricing and reduced accessibility for small and marginal farmers. "The government should protect the interest of domestic manufacturers and farmers," Shah stated. The federation highlighted that between 2010 and 2022, while 62 new pesticide molecules were patented in India, only 27 were commercially launched. Of the remaining 35 products, their patent periods have already expired. Citing a 20

India's agrochemical exports could increase to over Rs 80,000 crore in the next four years provided the industry is facilitated with conducive environment, according to a report by AFCI and EY. A report by Industry body Agro Chem Federation of India (ACFI) and EY titled 'Indian Agrochemical Industry: The Story, the challenges and the aspirations' noted that the exports of agrochemicals stood at Rs 43,223 crore in the 2022-23 fiscal. "India's Agrochemical exports outweigh the domestic consumption of the same. The Indian exports by agrochemical industry have witnessed commendable growth in recent times," said the report which was released at the 7th AGM of ACFI held recently. ACFI said that the government must focus on facilitating a conducive environment which includes streamlining licencing norms and improving infrastructure for storage and sale, incentivise biopesticide production, streamline registration process for new molecules, enter trade agreements with countries with more ..

Brokerages have downgraded earnings estimates for a few companies and expect only a gradual recovery over the next couple of quarters

Prices of corn, soybeans, and wheat are now at their lowest since Covid and are down 20-30 per cent Y-o-Y

Shares of Bharat Rasayan locked in 20 per cent upper circuit at Rs 12,808.85 per share on the BSE in Friday's early morning deals

Analysts at Elara Capital remain bullish on the Rallis' crop care division prospects, driven by the robust outlook on the domestic business and cautiously optimistic outlook on the international biz.

Higher demand and improved volumes are expected to help the companies liquidate excess inventory

India Pesticides is a chemical manufacturer engaged in agri chemicals business, primarily including manufacture, sale and distribution of insecticides, fungicides

Within agrochem, herbicides emerge as big export driver

Domestic firms may outperform exports in March quarter and in FY25

Weak near-term outlook could worsen cash flows for the company

Agrochemicals manufacturer GSP Crop Science is eyeing Rs 1,800 crore in revenue in 2024-25, following its domestic as well as overseas market expansion, a top company executive has said. "In 2022-23, our annual revenue was at Rs 1,600 crore. We are looking at Rs 1,800 crore revenue in FY25. Overall our target is to reach Rs 2,500 crore in next 3-4 years with the addition of overseas business especially in Brazil," GSP Crop Science Managing Director Bhavesh Shah told PTI. Shah said the company is working towards reducing its dependency on China for raw materials and planning to produce intermediaries needed to develop crop solution products. "In order to reduce our raw material dependency on China, we are planning to gradually produce intermediaries needed for manufacturing our products. We are setting up our third manufacturing unit in Dahej in Gujarat with an investment of Rs 100-110 crores. In this unit we will initially produce 4 intermediaries," he added. The company is focusin

Agrochemical firm Best Agrolife on Wednesday reported a 27 per cent decline in its consolidated net profit to Rs 95 crore for the second quarter of this fiscal year. Its net profit stood at Rs 130 crore in the year-ago period. Revenue from operations rose 16 per cent to Rs 811 crore during the July-September period of this fiscal year from Rs 700 crore in the corresponding period of the previous year, the company said in a statement. "Despite the challenging external environment, we have maintained a strong growth trajectory, with revenue from operations surging by 32 per cent sequentially to reach Rs 811 crore," Vimal Kumar, Managing Director of Best Agrolife Ltd, said. The company's profit margins remain resilient, driven by an improved product mix, he said. "The consistent demand for our products has shielded us from pricing pressures that generic agrochemicals are grappling with," Kumar said. Notwithstanding the industry's anticipated challenges in the forthcoming quarters, h

Street remains cautious about the sector due to lower price realisations and fears about El Nino's impact on the monsoon

Company estimates commercial supplies will start from the fourth quarter of 2023-24

Lower debt levels, inexpensive valuations are positives

Adverse agronomical conditions, excess channel inventory weigh on domestic market volume offtake

Brokerages have a mixed outlook on margin trajectory for the sector

It raised Rs 216 crore by issuing fresh equity in the IPO

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