Best Agrolife (BAL) has received the registration for the indigenous manufacturing of Cyhalofop-butyl u/s 9(3) from the Central Insecticides Board & Registration Committee (CIB&RC). Cyhalofop Butyl is a post-emergence herbicide that controls grass weeds’ growth in rice crops, the agrochemical company has said.
Speaking on acquiring registration for Cyhalofop-butyl u/s 9(3), Vimal Alawadhi, MD, Best Agrolife said, “India is the second largest producer of rice, and it is cultivated on about 44 million hectares in our country. However, rice grain production in India suffers a yearly loss of more than 15 million tonnes due to weeds competition, mainly grassy weeds. A post-emergence, herbicide Cyhalofop-butyl, is used for controlling weeds in rice plantations. These herbicides stop weed growth immediately, thus minimising crop losses and facilitating high production.”
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With Cyhalofop-butyl, the organisation also announced that they had received the registration for the indigenous manufacturing of Propaquizafop Technical, another crucial post-emergence herbicide. “Such indigenous manufacturing of herbicides can help rice production in India to a large extent by minimising losses”, BAL said. The estimated market size of Propaquizafop is Rs. 350 crores in India and the global Cyhalofop-butyl market is set to reach USD 132.48 million in the coming years, as per market research.
“We received many important registrations and patents in the previous year, and the new year has begun on an excellent note as well. Our company achieved exponential growth in the last quarter, and we are scaling up our efforts and strategies to improve our performance further. A key element in this strategy is a continuously evolving product line. It helps us remain competitive and maintain our annual growth rate and EBITDA, which at present is at 30 per cent and 20 per cent, respectively,” Alawadhi added.
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BAL manufactures Technical grade herbicides as well as the formulation of the molecules, which in turn helps in curtailing the surge in imports primarily from China which has made Indian manufacturing non-viable to a greater extent till now. These registrations have huge potential for value addition in Indian agriculture.
