For the third year in a row, the British government is allowing farmers to use a banned pesticide. Thiamethoxam, a type of neonicotinoid, was granted emergency approval to be used on sugar beet in England in 2023.
In recent years, global agriculture has experienced ever-increasing challenges and uncertainties, such as extreme weather, geopolitical crises, energy crises, global supply chain restructuring and the impact of COVID-19, which have caused an unprecedented shock to the global food system, resulting in serious challenges for global food security.
For a good product to be sustainable, there must be a profitable business model and operating model. In recent years in the biological field, multinational companies, small and medium-sized agricultural input companies and biological formulators have rapidly consolidated resources through internal development, mergers and acquisitions, licensing, equity participation and investment, to seize market opportunities.