West Asia conflict to push up pesticide input costs by 20-25%, warns industry body

India's crop protection industry faces a 20-25 percent rise in input costs due to the West Asia conflict. This disruption threatens pesticide shortages during crucial farming seasons, potentially lowering crop yields and quality. The industry warn...

PTI
Iran War: West Asian conflict is poised to hike India's crop protection costs by 20-25%
New Delhi: The ongoing conflict in West Asia is set to significantly raise input costs for India's crop protection industry by 20-25 per cent, industry body CropLife India said on Friday, warning that the disruption in key shipping routes could lead to shortage of essential pesticides during a critical agricultural season, adversely affecting yields.

"The disruptions may lead to shortage of certain crop protection products during a critical agriculture season, impacting yield and quality of produce," said Ankur Aggarwal, Chairman of CropLife India and Executive Chairman and Managing Director of Crystal Crop Protection Ltd.

Click here to track live developments on Iran war


Aggarwal said the industry was already bracing for lower capacity utilisation across technical and formulation plants, with cascading effects on earnings and employment, particularly among Micro, Small and Medium Enterprises (MSMEs).

He called on the government to extend support and incentives on the energy front to bolster domestic production.

The industry body also flagged the risk of counterfeit and substandard products entering the market amid supply gaps.
ADVERTISEMENT

Also Read: The world is on its way to a 'doomsday' gas crisis scenario

"The supply gaps and volatility could spur circulation of illicit, counterfeit or substandard products, therefore it is critical that we remain vigilant and activate all monitoring mechanisms," Aggarwal said.

CropLife India, which represents major research-driven crop protection companies, reiterated its commitment to working with the government towards a science-based and globally aligned regulatory framework that balances innovation with farmer and consumer safety.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Agriculture › West Asia conflict to push up pesticide input costs by 20-25%, warns industry body
Text Size:AAA
Success
This article has been saved

*

+