Best Agrolife inks agreement with Syngenta for herbicide Movondo
Chemical

Best Agrolife inks agreement with Syngenta for herbicide Movondo

BAL plans to achieve 300-350 crore of the Proxysulfone market in the next three years

  • By ICN Bureau | September 18, 2023

Best Agrolife Ltd. (BAL) has inked an agreement with Syngenta for the marketing of Pyroxosulfone 85% WG herbicide under the brand name Movondo.

Pyroxasulfone is a pre-emergence herbicide for wheat, corn, and soybean that ensures increased yields while offering outstanding crop safety by eliminating weeds that pose a threat to these crops.

It is more effective against broadleaf weeds and requires fewer applications than other commercial herbicides. Pyroxasulfone 85% WG controls the primary troublesome weed in wheat, Phalaris minor.

This agreement will help both companies maximize the value of the new herbicide and efficiently establish a market for the product. The Pyroxasulfone market is worth over 450 crore, and BAL plans to achieve 300-350 crore of the Proxysulfone market in the next three years.

BAL has become the first Indian agrochemical business to manufacture Pyroxasulfone 85% WG locally. Seedlings India Pvt. Ltd., one of the wholly owned subsidiaries of BAL, will produce it under the Indian government's ‘Make in India’ initiative.

The deal showcases the unprecedented reversal of the conventional supply chain dynamics. Prior to this, multinational corporations have typically supplied key chemical compounds to Indian agrochemical companies. However, this deal marks a pivotal shift, as it signifies the first instance of Indian agrochemical companies taking the lead by exporting these molecules to their multinational counterparts.

BAL has also been granted a 20-year patent for a revolutionary invention of a Synergistic Pesticidal Composition that includes two insecticides and a fungicide to address some of the most pressing challenges in rice cultivation.

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