Plant Health Care receives first product registration in Brazil

13th Jul 2015 14:55

(ShareCast News) - Plant Health Care has received its first product registration in Brazil from the country's Ministry of Agriculture.Following the registration, the agricultural biotechnology company will be able to sell products based on its generation of commercialised protein technology for foliar use on all crops.The company said it can now move forward with the development and distribution agreement which was signed with Arysta LifeScience in December for foliar application of its technology to sugarcane crop in Brazil.Chief executive Paul Schmidt said: "This registration is very significant to Plant Health Care as Brazil is the single largest agricultural market in the world."Arysta LifeScience is a strong partner for the sugarcane market and we see the potential to establish a formidable position in this important sector."The company's shares were up 2% to 104p at 13:52 BST on Monday.