Argentina approves Harpin as a seed treatment

RNS Number : 1012K

Plant Health Care PLC

01 September 2021

 

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  α  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: [phone]

Chris Richards, CEO

Arden Partners plc - Nomad & Joint Broker  Tel: [phone]

John Llewellyn-Lloyd / Antonio Bossi

Cenkos Securities plc - Joint Broker  Tel: [phone]

Neil McDonald / Peter Lynch

Vox Markets - Digital investor relations  Tel: [phone]

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.

 

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