Sumitomo Corporation (headquartered: Chiyoda-ku, Tokyo; President and CEO: Masayuki Hyoudo), as part of its strategy, decided to expand its crop protection business in South America.
This was done to establish Summit Agro Paraguay (head office: Ciudad del Este, Paraguay; hereinafter referred to as “SAPY”) in August as an affiliate of Summit Agro South America SpA (head office: Santiago, Chile; representative: Daniel Stante; hereinafter SASA), a holding company that manages the distribution of plant protection products in the region. It will be the first plant protection product distribution company established in Paraguay by a Japanese corporation.
Tea is known all over the world from Paraguay Mate, which is collected from the evergreen holly tree.
The crop protection market in South America is growing steadily, as population growth has led to an increase in food demand, and now, as they say, it is about $ 14 billion (approximately 25% of the global crop protection market). In 2015, Sumitomo Corporation established SASA, the regional headquarters for plant protection for South America, subsequently establishing a plant protection sales network in five countries (Argentina, Chile, Colombia, Ecuador, and Peru) and conducting integrated regional operations. Creating SAPY will strengthen the foundations of SASA's business and help further enhance agricultural productivity in South America.
Paraguay is the third largest soybean producer in South America after Brazil and Argentina (and the sixth largest in the world), and the crop protection market is expected to continue to grow as crop areas grow and the use of special crop protection products (herbicides, insecticides and fungicides) )
- Paraguay announced the signing of an agrochemical packaging agreement to meet the needs of small farms. The agreement was announced by the National Plant and Seed Quality and Health Service (SENAVE) in conjunction with the National Chamber of Agriculture Protection Industry (CINDA).
- Nippon Telegraph and Telephone Corp. (NTT) said it is starting testing a farmer support service using drones and artificial intelligence technologies.
- In Kashiwazaki, Niigata Prefecture, Japan, entrepreneurs began using the waste heat from their incinerator to grow bananas.
