The company has applied for a product trademark - RONFEN and the product will be out in the market with the onset of the next kharif season
Best Agrolife Limited has received a patent valid for 20 years for its three-way insecticidal combination in India that will effectively control the entire sucking pest complex, including whitefly, jassids, aphids, and thrips together in various crops in just one spray alone.
The company has applied for a product trademark - RONFEN and the product will be out in the market with the onset of the next kharif season.
“We are expecting a minimum sale volume of 1,500 KL, worth Rs. 410 crore of this novel combination in FY 22-23. With its wonderful control on the entire sucking pest complex in one spray alone, we have decided to introduce it in PAN-India on multiple crops with a focus on the North, South, & West regions,” says Vimal Alawadhi, Managing Director, Best Agrolife Ltd.
The insecticidal combination is titled ‘A synergistic insecticidal composition comprising a bioactive amount of Diafenthiuron and Pyriproxyfen’, and the patent covers the composition of Pyriproxyfen, Diafenthiuron, and Dinotefuran in a unique suspension concentrate formulation.
The Indian insecticide market is estimated to reach a whopping Rs. 292.9 Billion by 2023, at a CAGR of 8.3%. Best Agrolife Ltd., with this patent, now holds a competitive edge over other players in India. The company has a turnover of Rs. 912.74 crore.
“The product was under large scale field trials for the last two years. Due to the prevailing pest scenario and its control on the entire sucking pest complex in various crops in just one spray alone, the product may be in high demand for next year in the market and can generate very high revenue for the company in FY22-23,” adds Raajan Ailawadhi, Executive Director, Best Agrolife Ltd.
Throwing light on the severity of the pest situation, Ailawadhi, says, “On a global scale, Sucking pests are one of the most serious threats to agricultural crop productivity, as they cause both quantitative and qualitative losses. These losses are estimated to harm 18-20 per cent of annual crop productivity. Most of the loss happens in the ﬁelds before harvest, and losses have been worst in developing countries. Except for cotton and rice, global agricultural losses due to insect pests have increased significantly in the post-green revolution age.”
With a 90% share of speciality molecules, more than 360+ Formulation Licenses, and above 80+ Licenses for Manufacturing Technicals. Best Agrolife Limited is among the Top 15 Crop Protection Agrochemical companies in India. Best Agrolife Limited has one of the largest manufacturing capacities, with state of the art manufacturing units. Formulation Manufacturing capacity 30,000+ Metric tonnes per annum, Technical plant is 7,000+ metric tonnes per annum.
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