Business
Appointment of New Product Distributor – Colombia
Appointment of New Product Distributor – Colombia.
About this update from Eden Research Plc
[{"type":"text","content":"\n\n15 June 2023\n \n\n \nEden Research plc\n \n(\"Eden\" or \"the Company\")\n \nAppointment of New Product Distributor - Colombia\n \nEden Research plc (AIM: EDEN), the AIM-quoted company focused on sustainable biopesticides and plastic-free formulation technology for use in the global crop protection, animal health and consumer products industries, today announces the appointment of Anasac Colombia Ltd (\"Anasac\") as the Company's exclusive distributor of Mevalone® in Colombia.\n \nAnasac's appointment precedes a regulatory application which will be made to the relevant authorities to allow the use of Mevalone on ornamental crops (such as freshly cut flowers) in Colombia to prevent and cure outbreaks of Botrytis cinerea. Once approved, ornamental plant growers and florists will be permitted to apply Mevalone to their flowers during production and after harvest.\n \nBotrytis infection develops in almost all plant tissues of grown and cut flowers. Fungicides are typically used in the defence against botrytis to extend the life and appearance of high-value flowers. The degree of chemical control required is dependent on environmental conditions, the crop variety and the severity of the disease. Given the warm and humid conditions in Colombia, the use of fungicides is common practice in flower production, particularly in preparation for the export market.\n \nCut flowers represent a significant portion of Colombia's export market, being the 6th most exported product in Colombia. In 2021, Colombia exported $1.73 billion of cut flowers, making it the 2nd largest exporter of cut flowers globally, with the US importing $1.35 billion of that production. According to research by Mordor Intelligence, the overall Latin American biopesticides market is projected to grow 13.8% between 2020 to 2025.\n \nAnasac has a long track-record of product delivery across Mexico, Central and Latin America, and Asia, operating in 19 countries. Colombia is one of Anasac's largest markets, where it currently generates sales of over US$18 million per annum, with an aspiration to increase this substantially.\n \nSean Smith, CEO of Eden Research plc, commented:\n \n\"We are looking forward to making our entrance into the Latin American market with Mevalone in Colombia. With Anasac as our chosen distribu...