AgriBusiness Global SE Asia Conference Delivers Intel and Networking in Indonesia
8 November 2023 AgriBusiness Global and the Indonesian Crop Care Association partnered after a 5-year pandemic hiatus bringing together more than 300 delegates and 34 exhibitors at the AgriBusiness Global SE Asia Conference taking place at the Pullman Jakarta Central Park in Jakarta, Indonesia on 8-9 November.
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On day one, delegates enjoyed presentations from AgbioInvestor, Indonesian Crop Care Association, AgBioScout, and SPM Biosciences during morning and afternoon sessions (see photo gallery).
The day kicked off with attendees buzzing with conversation and coffee while catching up for the first time in years on the exhibit floor.
In the session hall, Crop Care Chairman Sudradjat Yusuf kicked off the day with an opening speech about the importance of crop care to Indonesian growers and the challenges the industry must overcome.
Final Prajnanta, Managing Director of P.T. Royal Agro Indonesia and Crop Care Vice Chair, followed with a presentation focusing on Indonesian manufacturers and the several hurdles they faced, with one of the biggest challenges of 2023: a severe drought in Java. He stated that “businesses have suffered” through the past year and new possibilities are ahead in 2024 with the diversification of crops, drone formulations, and biostimulants.
His presentation was followed by keynote speaker Garry Mabon, Co-Founder of AgbioInvestor, who shared research into each of the region’s countries. The company’s data showed while the Southeast Asian higher income countries showed little to no prospective growth, the upper middle income and lower middle-income countries showed the greatest growth trajectory from present to 2037.
Moving to another contributing factor on the region, David Li, Marketing Director of SPM Biosciences and ABG China Price Index columnist, explained how China’s crop protection manufacturers are coping with the setbacks from COVID-19 shutdowns and the decrease in business due to changes in supply and demand.
During his presentation, he presented SPM Insights research that stated: “U.S. imports of glyphosate products decreased 61% from January through August 2023 compared to the same period last year.”
With a decrease in glyphosate, Chinese manufactures have to look to new avenues for income. Xuemin Wu, Professor of National Pesticide Formation and Adjuvant Laboratory for the China Agricultural University, suggested the exciting new frontier of drone formulations as this presents a large gap in the market.
Other highlights included Prakash Kumar, International Marketing and Business Development for Heranba Industries, Ltd., discussing how China’s shutdowns provided opportunities for Indian companies to establish themselves as dependable sources for active ingredients globally and with the added support from the Government of India’s “Made in India” campaign, growth is inevitable.
Dr. Peter Chalmers, Senior Partner of AgBioScout, finished the day providing an investor’s view of biological companies and products. He emphasized the global investments going into this technology and provided an analysis and checklist of how companies could determine if partnering with start-up biological companies would be beneficial and what kinds of costs to expect before a profit.
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