30 Jun 2022 , 10:45 AM
UPL and Bunge will form Orgeo, a new company that will provide end-to-end solutions to farmers in Brazil's MAPITOBAPA macro-region, drawing on the expertise of its highly qualified technical team to understand each producer's needs from crop planning to harvest. Bunge's expertise in financing, trading, and logistics will be combined with UPL's comprehensive portfolio of sustainable agricultural inputs, solutions, and services.
Seed, pesticide, biosolutions, and fertilizer inputs; crop-planning assistance; agronomical advice; consulting on sustainability and regenerative and low carbon agriculture certification; agricultural financing solutions; and harvest marketing and logistics services will be available through Orgeo.
In addition, the company will provide farmers with digital agriculture services such as real-time information, recommendations, and alerts based on satellite-collected field data in order to improve decision-making and business efficiency.
"Orgeo will bring us closer to farmers and expand our offerings in this region to encompass the entire food value chain, exemplifying our OpenAg commitment to collaboration," said Rogério Castro, CEO of UPL Brazil.
He added further, “We empower farmers to become environmental champions based on sustainable practices, such as carbon soil sequestration to reduce atmospheric CO2, by developing, promoting, and launching sustainable solutions, including biosolutions. We are excited to collaborate with Bunge and farmers on our reimagining sustainability mission."
The agreement is subject to customary closing conditions, including approval from Brazil's Administrative Council for Economic Defense (CADE).
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.