“It’s known that in China when the government decides something it happens fast,” says Guy Elitzur, CEO of Stockton Group, a company that will soon be known as STK Bio-ag Technologies.
That something in this case is a shift away from synthetic pesticides to more natural crop protection solutions, for motives surrounding both the environment and human health.
“From one side they are shutting down factories that are doing damage to the environment – they are taking out and banning chemical usage. That’s one issue,” Elitzur tells Fresh Fruit Portal.
“The second issue is they’ve issued a new regulation that exempts biologicals from different lab tests like toxicity,” he says.
“This exempts certain milestones that the chemical has to go through on the regulatory side, and through that it shortens the time and the money that has to be invested in the regulatory process.”
It is still early days for Stockton/STK in the Chinese market, where it has partnered with local distribution partner Chongqing Shurong Crop Science Ltd. to sell Timorex Gold – a biofungicide with a unique mode of action that interrupts the membrane cells of plant diseases – to vegetable, grape and banana growers.