Marrone Bio Inks Regalia Maxx Distribution Deal With Disagro
Zacks Investment Research | Dec 20, 2017 08:44PM ET
Marrone Bio Innovations, Inc. (NASDAQ:MBII) has inked an exclusive deal to distribute and market its biofungicide, Regalia Maxx with Disagro, the leading supplier of agricultural inputs in Central America.
Regalia Maxx, which is registered in Belize, Guatemala, Honduras, Nicaragua, El Salvador, Panama and Costa Rica, stimulates the plant’s intrinsic ability to fight diseases and delivers improved harvest quality and better yield. It is used for the control of a wide variety of fungal and bacterial diseases across a range of agricultural crops.
Regalia can offer residue management benefits to many key export crops grown in Central America. Per the Central America Data, exports in the region aggregated $6.75 billion in 2016, including key crops like bananas ($2.39 billion), coffee ($2.38 billion), sugar cane ($1.02 billion) and pineapple ($950 million).
Marrone Bio stated that its unique product Regalia Maxx and Disagro’s focus on operational excellence and technical innovation along with market knowledge will provide the farmers in Central America with effective solutions for yield enhancement and disease control.
Shares of Marrone Bio have declined 11% in the past three months, underperforming the Zacks Investment Research
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