Wednesday, August 15, 2007
Olympus to Divest Arysta Holding
The private equity firm Olympus Capital Holdings Asia is to divest its stake in Arysta LifeScience. Olympus first acquired a stake in Arysta in 2002 and has since increased this holding to become the sole owner of the business.
Athenix Produce Glyphosate-Tolerant Corn
US-based biotechnology company Athenix Corp. has announced that field trials for its new glyphosate-tolerant corn have shown good results. The company claims that its new class of genes can withstand at least eight times the standard field rate of glyphosate recommended for existing glyphosate-resistant corn. The field trials also demonstrated that corn lines survived multiple sprays of glyphosate at different stages of their life cycle.
The company has filed for broad patent protection of the technology and hopes to move the product through development and registration as quickly as possible. A regulatory package for corn containing one of its new genes is expected to be submitted in the US in late 2008. Soybean varieties containing the glyphosate tolerant gene are also being developed and the company hopes to commence testing of these varieties soon.
The company has filed for broad patent protection of the technology and hopes to move the product through development and registration as quickly as possible. A regulatory package for corn containing one of its new genes is expected to be submitted in the US in late 2008. Soybean varieties containing the glyphosate tolerant gene are also being developed and the company hopes to commence testing of these varieties soon.
Bayer Granted Approval for New Herbicide
Bayer CropScience has received regulatory approval from the Environmental Protection Agency (EPA) in the USA for its new cereal herbicide, pyrasulfotole. This is the first approval granted for the active ingredient, with further registrations expected in Canada and Australia later this year.
The company expects to launch the product under the brand name Huskie in the United States, with sales expected to begin in the spring planting season in 2008.
Pyrasulfotole, which has a new mode of action, is the first HPPD (4-hydroxyphenylpyruvate dioxygenase) inhibitor for cereals to be used in North America, and can be used to control a wide spectrum of broad-leaved weeds. It has also been developed for use in a resistance management program to control sulfonylurea-resistant weeds
This announcement follows one from earlier this year in which Bayer gained European approval for its herbicide tembotrione for use on maize. The company noted that the approval of these two products is part of a launch program initiated in 2000 with the intention of introducing 26 new active ingredients by 2011.
The company expects to launch the product under the brand name Huskie in the United States, with sales expected to begin in the spring planting season in 2008.
Pyrasulfotole, which has a new mode of action, is the first HPPD (4-hydroxyphenylpyruvate dioxygenase) inhibitor for cereals to be used in North America, and can be used to control a wide spectrum of broad-leaved weeds. It has also been developed for use in a resistance management program to control sulfonylurea-resistant weeds
This announcement follows one from earlier this year in which Bayer gained European approval for its herbicide tembotrione for use on maize. The company noted that the approval of these two products is part of a launch program initiated in 2000 with the intention of introducing 26 new active ingredients by 2011.
Monday, August 13, 2007
Senesco Signs License Agreement with Monsanto
Senesco Technologies has entered into a license agreement with Monsanto to incorporate Senesco’s proprietary yield and stress technology into corn and soybeans. Monsanto intends to utilise this technology in developing superior corn and soybean varieties.
Senesco already has a similar licensing deal with Bayer for cotton and canola.
Senesco already has a similar licensing deal with Bayer for cotton and canola.
USDA Crop Production Report
The USDA is predicting that the corn harvest in the country in 2007 will reach 13.1 billion bushels. This figure is an increase of 24% from last year’s outcome and 17% above 2005. Yield is also expected to increase, based on conditions as of 1st August, to average 152.8 bushels per acre, up 3.7 bushels from last year. If these forecasts are accurate, this would be the second highest yield on record, behind the 2004 figure of 160.4 bushels. The main reason for the expected increase is the favourable weather conditions prevalent in many areas, with rain providing abundant soil moisture.
Soybean production is expected to decrease, down 18% from last year’s record high to 2.63 billion bushels. Yields are expected to average 41.5 bushels per acre, down 1.2 bushels from last year.
Cotton production is forecast at 17.3 million 480-pound bales, down 20% from last year’s figure reflecting both a decline in yield and in the planted area.
Total wheat production is expected to be 2.11 billion bushels which would be an increase of 17% over last years figure. Wheat yield is forecast to be 40.6 bushels per acre, 1.9 bushels above the previous year.
Soybean production is expected to decrease, down 18% from last year’s record high to 2.63 billion bushels. Yields are expected to average 41.5 bushels per acre, down 1.2 bushels from last year.
Cotton production is forecast at 17.3 million 480-pound bales, down 20% from last year’s figure reflecting both a decline in yield and in the planted area.
Total wheat production is expected to be 2.11 billion bushels which would be an increase of 17% over last years figure. Wheat yield is forecast to be 40.6 bushels per acre, 1.9 bushels above the previous year.
Dow Granted First Global Registration for Spinetoram
Dow AgroSciences has received its first global registration for the insecticide spinetoram, a new spinosyn compound. It has achieved registration in New Zealand where it will be marketed as Delegate WG, for use on pome fruits.
The product was also accepted for expedited review under the U.S. Environmental Protection Agency’s (EPA) Reduced Risk Pesticide Initiative program in 2006. Dow expects that registration of products containing this active ingredient will be obtained in the USA and Canada before the end of this year.
Spinetoram is being developed as an insecticide for use on tree fruit, tree nut, vine and vegetable crops. Sumitomo Chemical is developing the product for use in Japan.
The product was also accepted for expedited review under the U.S. Environmental Protection Agency’s (EPA) Reduced Risk Pesticide Initiative program in 2006. Dow expects that registration of products containing this active ingredient will be obtained in the USA and Canada before the end of this year.
Spinetoram is being developed as an insecticide for use on tree fruit, tree nut, vine and vegetable crops. Sumitomo Chemical is developing the product for use in Japan.
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