Briefing

China’s Long-term Focus Necessary for Syngenta’s Growth: CEO John Ramsay

Syngenta CEO John Ramsay,. Credit: Syngenta

The Swiss agrochemical and crop protection company, Syngenta, spurned merger with Monsanto and accepted ChinaChem’s $43 billion all-cash offer because Chinese authorities are likely to have a long-term focus, necessary in an industry subject to cyclical ups and downs.

In an interview to Indian Express’s Harish Damodaran, Syngenta’s CEO John Ramsay said the Chinese authorities have ‘high anxiety about food security.’ For a country with 22 percent of the world’s population but seven percent of its arable land, ‘every time they produce a new five-year plan, you’ll find food security is right on their radar.’

Monsanto, the leader in seeds and genomics, had offered merger last August. China National Chemical Corporation made a rival bid in February.  Ramsay believes Syngenta’s existing shareholders – mainly mutual and hedge funds – want consistent returns which is inconsistent with the nature of the industry.

Ramsay does not see a fundamental change in the way the Basel-based company is run ’except that we will be enhancing our Chinese resources to bring technology to China is a more aspirational way, perhaps, than we had done previously.’

(Top photo: Syngenta CEO John Ramsay. Credit: Syngenta)

Click here for the Indian Express story.

Email This Page

Leave a Comment


Hit Counter provided by technology news
Web Design MymensinghPremium WordPress ThemesWeb Development

I Do Not Understand Bt Cotton technology; I Know It Works

Kallanagouda PatilY Kallanagouda Patil, 46, of Uppinbetegeri village in Dharwad taluk  owns 52 acres jointly with his three brothers. He holds a diploma in agriculture from a school in Raichur. Patil grows cotton on ten acres, apart from sugarcane, potato, Bengal gram, jowar, tur,moong and vegetables. He uses groundwater to irrigate his fields. The water is drawn from a depth of 280 feet. Electricity is free so he flood irrigates the fields, except the one under banana  where he uses drip irrigation. He does not micro-irrigate cotton because it is closely planted and has to make way for another crop after eight months. This farmer has his cost all worked out. Making quick mental calculations, he estimates the cost of cotton crop at Rs 22,500 an acre and the realization from 17 quintals an acre at Rs 68,000. He had planted Bayer seed. ‘I do not understand technology, he says, all I know is if I use Bt seed there will be no

Pests Snack on Chilly But Not Cotton

RudagiF Basavaraj Rudagi, 48, did not grow cotton before 2008. This farmer from Saundhi village in Dharwad district’s Kundogol taluk made a partial switch to Bt cotton as chilly was susceptible to pest attack and yield was declining. From five acres in 2009, Rudagi had fifteen of a forty acre joint farm under cotton this year, when smartindianagriculture  caught up with him in February. He tried out Bayer in a change from Mahyco and Raasi seed. Rudagi says he got 11.5 quintals (100 kg) an acre from his rain-fed crop and at Rs 4,050 a quintal, his realization was a little over Rs 46,000. The cost, he says, is Rs 26,000 an acre, excluding rental earnings had he leased out the land. This does not mesh with the profit he claims he makes, but then he admits to not keeping crop-wise accounts. Rudagi also grows peanuts, coriander, gram, safflower and jowar. There is safety in diversity. And yes he plants pigeon pea or tur around the cotton crop for bollworms to feed on so they are not forced by the survival instinct to develop resistance to Bt protein.  In this sense he is quite a cut apart. Low cotton prices are worrying but what is the alternative?