Spurious pesticide market thrives at Rs 1,200 cr

Image
Virendra Singh Rawat New Delhi/ Lucknow
Last Updated : Jan 20 2013 | 7:34 PM IST

The crop loss due pests, weeds and diseases is estimated at Rs 1.4 lakh crore annually in the country. This is further compounded by the flourishing spurious pesticide market worth about Rs 1,200 crore.

Of the total Indian pesticide market worth over Rs 5,000 crore, almost a fourth is accounted for by the spurious or sub-standard brands.

“Unfortunately, the gullible farmers cannot differentiate between real pesticide and spurious varieties, and get cheated,” Agrochemicals Policy Group (APG) director Salil Singhal told Business Standard.

“Not only the poor farmers lose their investment, the spurious pesticides also do not control pests and result in crop loss,” he lamented.

APG is an association of over 200 crop protection companies in India to promote safe use of pesticides in the interest of farmers and consumers.

He said the situation was quite alarming in Uttar Pradesh also, where the total pesticide market was estimated at over Rs 30 crore, of which 25-30 per cent is spurious pesticide trade. “Most of the spurious pesticide units are located in western UP,” he claimed.

An APG delegation met senior state government officials, including agriculture production commissioner Anis Ansari and urged them to take immediate steps against such units.

“We also discussed ways to educate farmers about greater utilisation of pesticide to increase agricultural productivity,” Rajen Sundaresan of APG said.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 10 2009 | 12:59 AM IST

Next Story