STOCK TITAN

FMC Corporation obtains registration in Brazil for two herbicides powered by Isoflex® active

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

FMC has received Brazilian registration for two new herbicides, Azugro® and Ezanya®.

These herbicides, powered by Isoflex® active (bixlozone), target cotton, tobacco, and wheat crops. Classified as Group 13 by the Herbicide Resistance Action Committee, these formulations offer effective weed control, particularly for resistant grasses and broadleaf weeds.

Azugro® will be available for cotton in 2024 and wheat in 2025, while Ezanya® will target tobacco in 2024. FMC is also researching Isoflex® active in other crops and segments in Brazil.

This approval adds to FMC’s regulatory successes in Argentina, Australia, and China, potentially enhancing productivity and resilience for growers worldwide.

Positive
  • FMC gains Brazilian registration for Azugro® and Ezanya® herbicides.
  • Azugro® and Ezanya® use Isoflex® active, providing effective control for resistant weeds.
  • Azugro® will be available for cotton in 2024 and wheat in 2025.
  • Ezanya® will be available for tobacco in 2024.
  • Isoflex® active is classified as a Group 13 herbicide by HRAC.
  • FMC’s Isoflex® active is already registered in Argentina, Australia, and China.
  • Research on Isoflex® active in additional crops and segments in Brazil is ongoing.
Negative
  • The availability of Azugro® for wheat is delayed until 2025.
  • initial crop targets (cotton, tobacco, wheat) might restrict immediate market impact.

Insights

FMC Corporation's registration of Azugro® and Ezanya® herbicides in Brazil marks an important milestone for the agricultural sector, particularly in the context of herbicide resistance management. The introduction of Isoflex® active, which is based on bixlozone, offers a new mode of action classified as Group 13 by the Herbicide Resistance Action Committee (HRAC). This classification signifies that Isoflex® active operates differently from many existing herbicides, providing an additional tool for farmers dealing with resistant weed populations.

For retail investors, it's essential to understand that effective weed control directly impacts crop yield and quality. By offering solutions specifically aimed at prevalent weeds such as goosegrass and Italian ryegrass, FMC's products are likely to see substantial uptake among farmers in Brazil. The timing of the product availability also aligns well with the crop cycles, which could lead to early adoption and positive revenue impact for FMC.

The ongoing research into additional applications of Isoflex® in other crops further broadens the potential market, indicating future growth opportunities. This strategic move not only helps in solidifying FMC’s position in the Brazilian market but also sets a precedent for expansion in other regions facing similar agricultural challenges.

From a financial perspective, FMC's new product registrations in Brazil can be significant. Brazil is a major agricultural economy and obtaining regulatory approval for new herbicides in this market can lead to a considerable improvement in FMC's revenue streams. The agricultural sector's demand for effective herbicides, particularly those addressing herbicide resistance, is substantial. If these products achieve commercial success, it could result in increased market share and higher profitability for FMC.

Investors should note that the approval of Azugro® and Ezanya® also reflects a diversification of the company's portfolio, reducing dependence on any single product or market. The global registration of Isoflex® in countries like Argentina, Australia and China showcases FMC's strategic focus on international markets. This diversified geographic footprint helps mitigate regional risks and signals robust growth potential.

However, it's also important to consider the potential risks and costs associated with the launch and scaling of new products. FMC will need to invest significantly in marketing, distribution and farmer education to ensure successful adoption. Short-term costs might weigh on margins, but the long-term benefits could be promising if the products gain traction.

PHILADELPHIA, May 28, 2024 /PRNewswire/ --

FMC Corporation Logo. (PRNewsFoto/FMC Corporation)

FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, has received registration in Brazil for Azugro® and Ezanya® herbicides for use in cotton, tobacco and wheat crops. Azugro® and Ezanya® herbicides are powered by Isoflex® active, FMC's brand name for bixlozone. Isoflex® active is a novel herbicide when used in cereals and is classified by the Herbicide Resistance Action Committee (HRAC) as a Group 13 herbicide. The two new formulations will provide growers with new tools to effectively manage herbicide resistance across a wide range of agronomic practices.

"FMC is committed to providing growers with innovative solutions that enhance the productivity and resilience of their land," said Sinara Ferreira, FMC Brazil business director. "We are confident that Azugro® and Ezanya® herbicides will contribute to a healthy crop by providing growers with new and important tools to control weeds that are resistant to other herbicides."

Azugro® and Ezanya® herbicides offer effective control of key annual grass weeds, including goosegrass (Eleusine indica), Italian ryegrass (Lolium multiflorum) and some key broadleaf weeds. Azugro® herbicide will be available for use in cotton during the 2024 crop season and wheat in 2025, while Ezanya® herbicide will be available for use in tobacco during the 2024 crop season. Research on the use of Isoflex® active products in additional crops and segments in Brazil is ongoing.

The registrations in Brazil mark another significant regulatory approval for FMC and Isoflex® active, which is currently registered in Argentina, Australia and China. Products containing Isoflex® active have exhibited pre-plant, pre-emergence and early post-emergence selectivity in major crops across the globe, including canola, cereals, oilseed rape and pulses.

About FMC

FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC's innovative crop protection solutions – including biologicals, crop nutrition, digital and precision agriculture – enable growers, crop advisers and turf and pest management professionals to address their toughest challenges economically while protecting the environment. With approximately 6,200 employees at more than 100 sites worldwide, FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are consistently better for the planet. Visit fmc.com to learn more and follow us on LinkedIn®.

Azugro, Ezanya and Isoflex are trademarks of FMC Corporation and/or an affiliate. Always read and follow all label directions, restrictions and precautions for use. Products listed here may not be registered for sale or use in all states, countries or jurisdictions.

Media contact: Amie Leopold 
+1 (215) 299-6223 
Amie.leopold@fmc.com 

Investor contact: Curt Brooks
+1 (215) 299-6137
Curt.Brooks@fmc.com 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/fmc-corporation-obtains-registration-in-brazil-for-two-herbicides-powered-by-isoflex-active-302157128.html

SOURCE FMC Corporation

FAQ

What new herbicides has FMC registered in Brazil?

FMC has registered Azugro® and Ezanya® herbicides in Brazil.

What crops will Azugro® and Ezanya® herbicides target?

Azugro® targets cotton and wheat, while Ezanya® targets tobacco.

When will Azugro® and Ezanya® herbicides be available for use?

Azugro® will be available for cotton in 2024 and wheat in 2025, while Ezanya® will be available for tobacco in 2024.

What is Isoflex® active used in FMC's new herbicides?

Isoflex® active, also known as bixlozone, is used in Azugro® and Ezanya® herbicides and is classified as a Group 13 herbicide by HRAC.

Where else is Isoflex® active registered apart from Brazil?

Isoflex® active is also registered in Argentina, Australia, and China.

FMC Corporation

NYSE:FMC

FMC Rankings

FMC Latest News

FMC Stock Data

6.16B
123.54M
1.02%
93.6%
4.66%
Agricultural Inputs
Chemicals & Allied Products
Link
United States of America
PHILADELPHIA