Products for the treatment of the iron chlorosis

1. A compound of formula (I):

wherein

X 1 is a C 6 or a C 10 aromatic system having a hydroxy group in the alpha position, being optionally substituted by up to four substituents independently selected from the group consisting of: phospho, sulfo, halo, carboxy, acetoxy, C 1 -C 4 alkoxy, linear and branched C 1 -C 4 alkyl;

X 2 is a C 6 or a C 10 aromatic system having a hydroxy group in the alpha position, or a five or six membered heterocycle having in the alpha position a heteroatom selected from the group consisting of N, O and S, optionally comprising other N, O or S atoms in their structure, and having from 0-3 double bonds, said aromatic, or heterocyclic system being optionally substituted by up to four substituents independently selected from the group consisting of: phospho, sulfo, halo, carboxy, acetoxy, C 1 -C 4 alkoxy, linear and branched C 1 -C 4 alkyl;

Y is (CH 2 ) n or is a xylylene group of formula:

n is an integer selected from 2, 3 and 4,

R 1 , R 2 are independently selected from the group consisting of H, linear or branched C 1 -C 4 alkyl, C 6 and C 10 aryl.

2. The compound according to claim 1 , wherein X 2 is selected from the group consisting of 2-hydroxyphenyl, 2-hydroxy-naphthyl, 2-furyl, 2-thienyl, 2-pyrrolyl, 2-pyridyl, 4-pyridimidinyl, 2-pyrazinyl optionally substituted by 2 or 1 substituents independently selected from the group consisting of: phospho, sulfo, halogen, C 1 -C 4 alkoxy, carboxy, acetoxy, linear and branched C 1 -C 4 alkyl.

3. The compound according to claim 2 , wherein X 1 is 2-hydroxyphenyl or 2-hydroxynaphthyl, optionally substituted by 1 or 2 substituents independently selected from the group consisting of methyl and methoxy.

4. The compound according to claim 3 , wherein X 1 is 2-hydroxyphenyl.

5. The compound according to claim 1 , wherein Y is (CH 2 ) n .

6. The compound according to claim 5 , wherein n is 2.

7. A process for preparing a compound of formula (I) as defined in claim 1 , which process comprises the step of reducing a compound of formula (II):

wherein X 1 , X 2 and Y are as defined above, in an appropriate solvent system, in the presence of a reducing agent.

8. The process according to claim 7 , further previously comprising the step of preparing said compound of formula (II) by reacting a compound of formula (III) with a compound of formula (IV):

wherein X 1 , X 2 and Y are as defined above, in an appropriate solvent system.

9. A method of forming a chelate comprising reacting a compound of formula (I) as defined in claim 1 with one or more polyvalent metals.

10. A chelate of a compound of the formula (I) as defined in claim 1 with one or more polyvalent metals.

11. A chelate according to claim 10 , wherein said polyvalent metal is at least one polyvalent metal from the group consisting of iron, nickel, zinc, manganese, ytterbium, gadolinium, cobalt, copper, palladium, platinum and, gold.

12. The chelate according to claim 11 , wherein said polyvalent metal is iron.

13. An agrochemical composition comprising a compound of formula (I) as defined in claim 1 or a polyvalent metal chelate thereof.

14. The agrochemical composition according to claim 13 , further comprising a chelating agent selected from the group consisting of ethylene diamine tetraacetic acid (EDTA), diethylene triamine pentaacetic acid (DTPA), N,N′-ethylene-bis(2-hydroxyphenyl)glycine (o,o-EDDHA) and N,N′-ethylene-(2-hydroxyphenyl)-glycinyl-(4-hydroxyphenyl)glycine (o,p-EDDHA).

15. A method of preparing a composition for treating an iron deficiency related plant disease comprising combining a compound as defined in claim 1 or a polyvalent metal chelate thereof with an agriculturally acceptable carrier.

16. The method according to claim 15 , wherein said disease is iron chlorosis.