Business
Approval of Cedroz in Mexico
Approval of Cedroz in Mexico.
About this update from Eden Research Plc
[{"type":"text","content":"\n \nRNS Number : 3968X Eden Research plc 19 December 2019 \n\n19 December 2019\n \n \n \n \nEden Research plc\n \n(\"Eden\" or \"Company\")\nApproval of Cedroz in Mexico and access to the US agricultural import market\nEden Research plc (AIM: EDEN), the AIM listed company that develops and supplies breakthrough biopesticide products and natural microencapsulation technologies to the global crop protection, animal health and consumer products industries, is pleased to announce that its commercial partner, Eastman Chemical Company (\"Eastman\"), has received full authorisation for Eden's nematicide formulation, marketed as Cedroz™ by Eastman, in Mexico.\nKey highlights of the authorisation:\n· Access now gained into the all-important US agricultural import market\n· Approval is the first for Eden developed products in Mexico and a foothold into the Americas\n· US imports of agricultural products from Mexico totalled $26bn in 2018\n· Cedroz is formulated with Eden's Sustaineä encapsulation and delivery technology for its improved bioactivity, controlling volatility and advanced crop safety\nCedroz is an innovative and natural solution designed to fight nematodes, a pest that is known to cause severe damage to crops globally, in both open field and greenhouse production resulting in yield losses and increasing farmers' costs. Mexico has authorised the use of Cedroz on a wide range of crops, including tomatoes, potatoes, peppers, eggplants, melons, chili peppers, pepinos and squash.\nThe approval in Mexico represents the first for Cedroz, or any Eden-developed product, in the Americas. U.S. imports of agricultural products from Mexico totalled $26 billion in 2018, with Mexico being the largest supplier of agricultural products to the U.S. According to the U.S. Trade Representative, the leading categories of agricultural products from Mexico in 2018 included fresh vegetables ($5.9 billion), with the leading crops including tomatoes and peppers, along with other fresh fruit ($5.8 billion). Processed fruit and vegetables accounted for another $1.7 billion.\nAs Mexico is a large exporter of fresh produce to the U.S., this is a commercially important territory for Eastman who registered and will distribute Cedroz supplied by ...