From new standards in international regulations to digital transformations, the agrochemical industry has had several happenings worth exploring. Here are some of the latest news taking place in the agrochemical industry:

DowDupoint Does Double Duty With Dow Spinoff

Agriculture and specialty products leader DowDuPont officially reduced its outstanding stock amount with its spinoff Dow’s entry into the Dow Jones Industrial Average on April 2nd. The company relisted on the New York Stock Exchange and split the shares so that investors get one Dow share per three DowDupont shares. The change prompted Dow’s shares to experience a four percent-increase during early trading that day.
This shift is important for agrochemical investors to watch as it parent company DowDuPont streamlines its businesses to focus on core product lines and attempts to increase the value of its business Corteva Agriscience once it forms into its own company in June. This strategic move will lower the shares prices and possibly strengthen DowDuponts position.

CPM Sets New Standards to Curtail Global Growth of Plant Diseases and Pests

The Commission on Phytosanitary Measures (CPM) set new standards to help reduce the worldwide spreads of harmful pests and diseases that infect and destroy plants. These new standards are designed to impede the transmission of invasive pests and diseases, such as the oriental fruit fly and Xylella fastidosa. The standards also have the goal to lessen the impact that fumigation has on the environment and people’s health. The standards also outline the criteria for the efficacy of fumigation, including its duration and quantity requirements. With these new changes, it’s crucial for agrochemical companies and leaders should review the new standards and consider the impact it has on current capabilities of their products and services.

Sumitomo Chemical Sets the Stage With Digital Transformation

Japanese fertilizer manufacturer Sumitomo Chemical Group leads by example to build trust by digitally transforming its operations. The company took measures that led to renaming its departments and is planning to drive innovation by analyzing its data and business activities and implementing advanced technology, such as material informatics and other artificial intelligence. The 106-year-old company hopes to enhance its relevancy and improve its competitive advantage by making the switch from traditional methods of documenting, researching and developing fertilizers and other agrochemical products to more modern methods relevant to today’s digital world.

Amfora Licenses Corteva’s Intellectual Property to Increase Protein in Food Products

Agriculture biotechnology startup Amfora recently obtained a commercial license from Corteva Agriscience that gives it the green light to use gene-editing tools, including CRISPR-Cas9 . Amorfa’s agreement with Corteva and the Broad Institute of MIT and Harvard also covers its ability to conduct research in using the gene-editing tool to produce plant-based foods with enhanced protein. The USDA currently does not regulate plants using traditional breeding techniques under its biotechnology protocol.

This license agreement is important for agrochemical companies to note as biotechnology continues to be a threat in the industry that can provide more competition and less need to use pesticides, fungicides and other agrochemical products. However, strategic partnerships with these types of companies may prove beneficial for agrochemical companies in reducing competition while validating the need for agrochemical products.