Trusted Market and Commodities-Trade Intelligence
On 15 Aug., 2017, Zhongnongfa Seed Industry Group Ltd. (Zhongnongfa Seed) made an announcement, stating that the Beijing Second Intermediate People’s Court had accepted its lawsuit against three of Zhongnongfa Henan Agrichemical Co., Ltd. (Henan Agrichemical)’s shareholders Guo Wenjiang, Zhao Junfeng and Song Quanqi for a claimed compensation of USD26.4 million. As of the time of writing, the court has yet to be held.
Farmers in Ghana have been relying on traditional agricultural spraying methods which needs for manual operation with great labor intensity. Wynca Sunshine (Ghana) Agric Products & Trading Co., Ltd. (Wynca Sunshine, a subsidiary of Zhejiang Wynca Chemical Group Co., Ltd.) recently promoted the UAV spraying technology in the region for the first time.
On August 15, 2017, the Ministry of Agriculture (MOA) issued a notice, which said that in order to strengthen the safety production work in the aspects of pesticide production, management, use, and prevent safety production accidents in pesticide industry as well, the MOA decided to carry out a nationwide safety production inspection work in pesticide industry.
In July, 2017, Shandong Qiaochang Chemical Co., Ltd. (Shandong Qiaochang) made a successful conclusion to its business reorganisation in the handover conference. Directors of the company, as well as representatives from the Development and Reform Commission of Bincheng District, Binzhou City, Shandong Province, attended the event. Following this, the company would be renamed as Shandong Qiaochang Modern Agriculture Co., Ltd. (山东侨昌现代农业有限公司), Shen Xiaofeng designated as the legal representative of the restructured company.
Nantong Jiangshan Agrochemical & Chemical Co., Ltd. (Nantong Jiangshan) issued a notice on 2 August, 2017, which said that the board of directors deliberated and adopted “the proposal on the implementation of the phase ii technical reform project for amide herbicide”.
In July 2017, a total of 353 new pesticide registrations were approved in China, including 41 for pesticide technical/ TK, according to the Institute for the Control of Agrochemicals, Ministry of Agriculture (ICAMA).
On 22 July, 2017, Shenzhen Noposion Agrochemicals Co., Ltd. (Noposion) announced its plan to offer a private placement of ≤183 million A shares at the Shenzhen Stock Exchange to no more than 10 qualified investors. For this, the company aims to raise funding of ≤USD207.5 million for its headquarters-regional integrated agricultural service platform, production expansion in its subsidiary Shaanxi Biaozheng Crop Science Co., Ltd. (Shaanxi Biaozheng), and R&D centre upgrading project.
To realize the target of “zero growth in the application volume of pesticides by 2020”, from 20 to 21 July, 2017, the Jiangsu Plant Protection and Quarantine Station (the Station) held a spot observation meeting of the Rice Seed Treatment and Green Prevention and Control of Stem Borers in Yangzhou City, Jiangsu Province, which was attended by around 90 people in charge of plant protection and quarantine and producers of seed coating agents from 13 cities and counties in the province.
On 23 July, 2017, Qingdao Hailir Pesticides & Chemicals Co., Ltd. (Hailir) held a meeting, on which it made summaries about its businesses in the first half of 2017 and emphasized its strategies for them in the second half. The Chief of Hailir, Ge Jiacheng, said on the meeting that the company witnessed growth in its main businesses, the marketing center for its formulations was constructed and its subsidiary Qingdao Xiannong Chemical Herbicide Co., Ltd. was set up.
Jiangsu Fengshan Group Co., Ltd. (Fengshan Group) recently disclosed its initial public offering (IPO) prospectus on the official website of the China Securities Regulatory Commission, announcing its plan to issue ≤20 million shares on the Shanghai Stock Exchange and to raise funding of USD86.3 million for its 4 new production projects.