MBII: Multiple applications of bio-insecticides provide additional control in both almonds and grapes. MBII enters partnership with Valagro.

By Ian Gilson, PhD, CFA

NASDAQ:MBII

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Marrone Bio Innovations (NASDAQ:MBII) has entered into an agreement with Valagro S.p.A. [Spain] to collaborate on R&D efforts to integrate parts of Marrone’s extensive microorganism library with Valagro’s biostimulation (enhanced fertilizers) products. This is similar to the recently announced collaboration with Compass Minerals (NYSE:CMP).

Such agreements are a significant way of broadening a company’s potential market and providing platforms not otherwise available.

Marrone Bio Innovations has published the results of extensive successive applications of Haven; Venerate XC, Grandevo WDG and Stargus (this is not registered for use in California) on Almonds and Grapes in conjunction with existing pesticides within the BioUnite concept.

Farmers are now on their second and, in some cases, their third application of Venerate XC plus a chemical pesticide on almonds to control navel orangeworm. Venerate XC mixtures are also being used to combat mites on almonds.

Grandevo WDG added to conventional insecticides is also proving to have a synergistic effect on the efficiency of these insecticides.

The use of Haven and Venerate XC on grapes have increased the sugar (Brix) content of grapes in multiple trials with successive applications 14 days apart but the results vary geographically.

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