Best Agrolife’s insecticide formulation to tackle sucking pests gets patent

Very best Agrolife Restricted stated on Friday that it has gained a patent for an insecticidal combination that will support control the overall sucking pest elaborate including whitefly, jassids, aphids and thrips collectively in numerous crops by way of a solitary spray.

The patent is legitimate for twenty yrs, the firm stated in a statement.

The insecticide combination includes a bioactive total of Diafenthiuron and Pyriproxyfen. The patent addresses the composition of Pyriproxyfen, Diafenthiuron, and Dinotefuran in a unique suspension concentrate formulation, it stated.

The firm has applied for a merchandise trademark- RONFEN for the insecticidal combination, which will strike the market place with the onset of next kharif year.

“We are anticipating a minimum amount sale quantity of one,500 kilo litres, worth ₹410 crore of this novel combination in FY 22-23. With its superb control on the overall sucking pest elaborate in one spray by itself, we have made a decision to introduce it pan-India on many crops,” Vimal Alawadhi, Controlling Director, Very best Agrolife Ltd, stated in a statement.

Market measurement

The Indian insecticide market place is approximated to arrive at a whopping ₹29,290 crore by 2023, at a CAGR of 8.3 per cent. Very best Agrolife, with this patent, now retains a competitive edge in excess of other gamers in India, the firm claimed.

Shares of Very best Agrolife finished one.56 per cent increased on the BSE on Friday at ₹548.ninety. For the 12 months-finished March 2021, Very best Agrolife experienced noted a net earnings of ₹37.07 crore on a income of ₹905.forty five crore.

“The merchandise was underneath big scale industry trials for the final two yrs. Because of to the prevailing pest situation and its control on the overall sucking pest elaborate in numerous crops in just one spray by itself, the merchandise may possibly be in higher desire for next 12 months in the market place and can make extremely higher income for the firm in FY22-23,” stated Raajan Ailawadhi, Govt Director, Very best Agrolife.

Ailawadhi further stated that sucking pests most significant risk to crop efficiency on a world wide scale. These types of losses are approximated to harm eighteen-twenty per cent of the annual crop efficiency.

Very best Agrolife, with ninety per cent share in speciality chemical substances and in excess of 360 formulations claims to be amid the top rated 15 agro chemical corporations in the region.