Author: Dipti Barve
Origin expects that this deal will add $8 million to revenue in 2023 increasing to $55 million in 2024. Origin Agritech Ltd. , announced that its majority owned joint venture has signed a deal with Shihezi city in Xinjiang, under which the JV will be granted 200,000 mu (roughly 33,000 acre) of farm land for growing NEC corn. Origin’s minority partner in the JV is a regional farming and feedstock company. The JV partner is responsible for financing, both with its own funds and with bank financing, the contract growing of NEC corn and for the construction of a grain…
Sales declined by 13.4 per cent in the first quarter of 2023 to €19,991 million (Q1 2022: €23,083 million). Germany based BASF has released preliminary figures for the first quarter of 2023. Sales declined by 13.4 per cent in the first quarter of 2023 to €19,991 million (Q1 2022: €23,083 million). This was mainly driven by considerably lower volumes. Sales were considerably lower than average analyst estimates for the first quarter of 2023 (Vara: €21,819 million). EBIT before special items of BASF Group amounted to an expected €1,931 million in the first quarter of 2023, a decline of 31.5 per…
Wakao Foods is entering the Singaporean market with Seven plant-based products. Wakao Foods, a leading plant-based food brand, is pleased to announce its foray into the Singaporean market. The company will launch seven popular products, including Butter Jack, BBQ jack, Raw Jack, Continental Burger Patty, Jack Supreme Burger Patty, Hot & Spicy Sausages, and American Herbs Sausages, in the Singapore market. These products will be available at retail stores such as Everyday Vegan Grocer and HoReCa and online on popular e-commerce platforms such as Shopee, Lazada, Amazon Singapore, and Redmart. In addition to retail stores and e-commerce platforms, Palate Sensations,…
The report highlights seven agriculture products that could reach the market by 2026, subject to applicable regulatory approvals. Boston based GreenLight Biosciences, a public benefit corporation striving to deliver on the full potential of RNA to address some of the world’s toughest problems in human health and agriculture, released its inaugural Sustainability Report. The report contains the company’s sustainability roadmap and includes sustainability updates on its business areas—from developing new tools for farmers that are designed to be targeted, effective, and environmentally responsible to vaccine candidates and potential therapies to improve global health outcomes. The report highlights seven agriculture products…
It will provide scientific suggestions for strengthening the protection and utilization of germplasm resources. China collected 124,000 new agricultural germplasm resources during the country’s third census. Collection work on these resources started in 2015, said a conference on the seed industry held in Sanya, south China’s Hainan Province. Many of these newly collected resources are unique or specific, regarding their significance not only in scientific research but also in the study of local culture and special functions in food and health care, Liu Xu, an academic of the Chinese Academy of Engineering, said during the ongoing 2023 China Seed Congress…
CSIRO’s Australian Pest Genome Partnership (APGP) is producing genetic data for Australia’s top pests and weeds to inform research and decisions on how to manage them. CSIRO, Australia’s national science agency, has embarked on an ambitious new project to unravel the genetic blueprints of Australia’s top pest and invasive species to better enable their management or eradication. The Australian Pest Genome Partnership (APGP) will generate the genomic data of hundreds of pests and weeds and make it freely available, along with digital solutions to help analyse the data. The data will assist researchers working on pest and weed species and…
This investment includes a new seed dryer, state-of-the-art agricultural field equipment, storage facilities. Bayer has revealed an investment of overall 60 million euros from 2023 onwards in its corn seed production facility Pochuiky, Ukraine. With this the life sciences company emphasizes its commitment to Ukraine and strengthens its Crop Science business in the country, contributing to rebuilding the economy. This investment includes a new seed dryer, state-of-the-art agricultural field equipment, storage facilities and the construction of two bomb shelters to ensure the safety of the Ukrainian colleagues who have been operating the facility and executing this investment project under very…
It aims contribute to Yara’s strategy of decarbonizing agriculture as well as serving new clean ammonia segments such as shipping fuel, power production and ammonia as a hydrogen carrier. Norway based Yara Clean Ammonia (Yara), a Yara International ASA company, and Enbridge Inc., are pleased to announce the signing of a letter of intent to jointly develop and construct a world scale low-carbon blue ammonia production facility as equal partners. The proposed facility, which includes autothermal reforming with carbon capture, will be located at the Enbridge Ingleside Energy Center (EIEC) near Corpus Christi, Texas. Once operational, the production facility will…
Scientists identified interactions between two areas of the tomato’s genome that lead to increased yield and resistance to dry conditions. Israeli researchers Shai Torgeman and Professor Dani Zamir from the Hebrew University of Jerusalem have developed a new tomato variety that is more resistant to drought conditions and could help with the destructive impact of climate change. The scientists crossbred two species of tomatoes, a wild variety from the deserts of western Peru, with a common commercial cultivar that is widely available. They identified interactions between two areas of the tomato’s genome that lead to increased yield and resistance to…
Hawkins succeeds Ignacio Dominguez, who has elected to retire from the company after serving in a series of senior roles at ADAMA. Israel based ADAMA Ltd. a leading crop protection company, announced that its board of directors has appointed Steve Hawkins, currently ADAMA’s Senior Vice President, Americas, as its President and Chief Executive Officer, effective May 1, 2023. Hawkins succeeds Ignacio Dominguez, who has elected to retire from the company after serving in a series of senior roles at ADAMA, including as a key member of its Management and Executive Committee for more than a decade. Erik Fyrwald, Chairman of…