Last checked at 1 Sep 2021 07:00
RNS
1 September 2021
PLANT HEALTH CARE plc
("Plant Health Care" or the "Company")
Argentina approves Harpin ab for use as a seed treatment in Corn and Soybeans
Plant Health Care® (AIM: PHC.L), a leading provider of novel patent-protected biological products to global agriculture markets, is pleased to announce the registration approval of Harpin ab for use as a seed treatment in Argentina.
The regulatory process in Argentina for agricultural products involves detailed review and approval by Senasa, the Country's National Food Safety and Quality Service, which classified Harpin ab as a biostimulant organic-chemical fertilizer. This confirms the Argentinian government's commitment to promoting cost effective, sustainable and safe products.
Highlights
· Corn and soybeans are the first crops to receive regulatory approval for Harpin ab in Argentina.
· Argentina has 24 million hectares (60 million acres) of corn and soybeans planted in the current season. Growers spent more than $100m on soybean seed treatments in Argentina in the most recent season. The size of the biological market in soybeans is growing rapidly and was about $75m in 2021.
· The Company is currently working with multiple organizations that are evaluating Harpin ab and will select in-country distribution partners in due course.
Harpin ab works by triggering the plant's own self defense systems, leading to a robust physiological response, in a manner similar to vaccinations in humans. The plant responds with improved crop quality, nutrient use efficiency, tolerance to abiotic stress and ultimately, increased yield. Being a biological product, Harpin αβ has a very favorable human and environmental safety profile.
Chris Richards, CEO of Plant Health Care, said: ‟Harpin ab registration in Argentina is key to the further expansion of Harpin ab use into large row crop markets."
For further information, please contact:
Plant Health Care plc- Tel: +1 919 926 1600
Chris Richards, CEO
Arden Partners plc - Nomad & Joint Broker Tel: +44 (0) 20 7614 5900
John Llewellyn-Lloyd / Antonio Bossi
Cenkos Securities plc - Joint Broker Tel: +44 (0) 20 7391 8900
Neil McDonald / Peter Lynch
Vox Markets - Digital investor relations Tel: +44 (0) 7866 384707
Paul Cornelius / Kat Perez
About Plant Health Care
Plant Health Care offers products to improve the health, vigour and yield of major field crops such as corn, soybeans, potatoes and rice, as well as specialty crops such as fruits and vegetables. We operate globally through subsidiaries, distributors and supply agreements with major industry partners. Our innovative, patent-protected biological products help growers to protect their crops from stress and diseases, and to produce higher quality fruit and vegetables, with a favourable environmental profile. Find out more at Vox Markets and the company website: www.planthealthcare.com
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.