UPL announces collaboration with Oro Agri for co-distribution of Orange Oil

17 Aug 2022 , 02:18 PM

UPL Limited announced a new collaboration with Oro Agri, a Rovensa company, to co-distribute and further develop Orange Oil, a bio-solution effective against a wide range of pests and diseases.

Oro Agri created Orange Oil as a residue-free bio-solution with fungicidal, insecticidal, and acaricidal properties, as well as excellent adjuvant properties. Orange Oil is already registered in over 30 countries and has over 140 crop and pest combinations.

Now, it has joined Natural Plant Protection – NPP’s biosolutions portfolio, allowing farmers to embrace more sustainable agriculture.

UPL will co-distribute Oro Agri’s 60 g/L solo Orange Oil bioprotection formulation beginning in 2023. Oro Agri will continue to supply existing customers directly, while UPL will access new markets and expand its customer base through its global distribution network.

UPL and Oro Agri will work closely to develop, register, and market new and existing Orange Oil formulations in order to provide growers worldwide with access to the most recent, effective, and sustainable crop protection biosolutions.

The agreement is part of UPL’s OpenAg commitment to establishing a global network of collaboration within the industry and beyond.

This collaboration between UPL and Oro Agri reflects the global biosolutions market’s growing strength and opportunities.

At around 2.22 PM, UPL was trading at Rs789.80 per piece, up by 0.17% from its previous closing of Rs788.45 on the BSE. The scrip touched intraday high and low of Rs793.20 and Rs784.20 respectively.