By Ian Gilson, PhD,
CFA
NASDAQ:MBII
READ THE FULL MBII RESEARCH
REPORT
Marrone Bio Innovations has released the results of a 2018 study by
Blue Diamond Growers on the impact of Venerate®
XC and Grandevo® WDG on almond pests.
The addition of Venerate® XC reduced the total
nut damage due to navel orangeworm, Amyelois transitella, by
an additional two percent. It is estimated that this pest may cause
a reduction in crop yield of an estimated $1,700 per acre. This
pest has developed a resistance to a number of conventional
chemical pesticides.
Other almond pests, such as the peach twig borer and the
two-spotted spider mite, sprayed when the trees are flowering
(February and March) were controlled by the use of Grandevo®
WDG without affecting beneficial insects. Bees are an essential
part of pollination and nut formation.
Blue Diamond Growers, founded in 1910, is one of the largest tree
nut processing companies in the world. It is a growers cooperative
encompassing about 3,000 growers.
Almonds are a California crop. Over the past few years close to a
million acres of fruit bearing trees produced about 2,300 million
pounds of almonds worth $5.6 billion at current prices.
A 1% improvement in yield is worth $56 million to the
growers.
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