Agrochemical company Oro Agri has agreed a deal with Spain-based biostimulant company Idai Nature to distribute its orange, oil-based insecticide range Orocide.
According to Idai Nature, whose parent company is Rovesna, Orocide is a “two in one product that covers all the needs of the farmers without creating resistances and being suitable for biological agriculture”.
It added: “This is a revolution for the farming sector supported by more than 3,000 trials carried out in the most demanding farmlands around the world.”
The biopesticides market is growing at a CAGR of approximately 15% per annum and is projected to be worth more than $10 billion by 2025.
While the use of effective pesticides has been fundamental to the farming revolution over the last 100 years, governments and consumers have increasingly begun to acknowledge the risk to the environment and human health posed by conventional pesticides. This has led to the banning or restriction (especially in Europe) of some common pesticides such as Neonicotinoids and Chlorothalonil.