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From January 1, 2018, "Pesticide Label Management Approach" has been formally implemented. At present, the products with new and old labels have coexisted in the agricultural market, during which channel partners enterprises have continued mentioned that some downstream channels thought the products with old labels were no longer allowed to sell and then asked for return and exchange instead. Others also required for return because of poor sales.
In January 2018, Jiangsu Huifeng Agrochemical Co., Ltd. (Jiangsu Huifeng) announced that its fully-owned subsidiary Jiangsu Huifeng Petrochemical Co., Ltd. (Huifeng Petrochemical) completed the construction of its 2nd phase project. Of the 26 storage tanks (= 162,000 m3), 6 are gas storage tanks, with a combined capacity of 18,000 m3. Now they are all under serviceable condition.
In Dec. 2017, Hainan Administration for Commodity Prices and Hainan Department of Agriculture amended the Temporary Management Method for Pesticide Prices in Hainan, which was released in 2014. Accordingly, it is specified that the wholesale and retailing prices of pesticides within the province are under the management of governmental guidance and the control of the maximum price difference. The method is implemented from 1 Jan., 2018 onwards with the valid period of five years.
According to information from Shenzhen Noposion Agrochemicals Co., Ltd. (Noposion), the company officially launched its two-dimension code production on 20 Dec., 2017.
According to report from Jiangsu Agricultural Technology Paper, the Israeli company ADAMA has started to target the Chinese market. Starting from 2016, it started the operation of the Jiangsu market. In a short time, it has made remarkable sales performance with its focus on the needs from growers and different markets.
According to information from the Institute for the Control of Agrochemicals, Ministry of Agriculture (ICAMA), it adjusted the commercial codes of some products, which involves one pesticide. Its HS code is adjusted to 29341090 from 29341000, which will be used starting from 1 Jan., 2018. The Release Notices of Pesticide Import and Export Registration Management about the products signed before that date can still declare at the customs within the valid period.
In December 2017, Beihai Gofar Marine Biological Co., Ltd. (Beihai Gofar) announced on the Shanghai Stock Exchange that it intended to transfer 50.4% stake of its controlling subsidiary, Hunan Gofar Fine Chemical Technology Co., Ltd. (Hunan Gofar) for a consideration of USD7.18 million. If this transfer could be finished, Beihai Gofar would no longer hold the equity of Hunan Gofar.
According to rules in the Pesticide Management Regulations, the Ministry of Agriculture of China (MOA) established the Ninth National Pesticide Registration Approval Committee, which covers several professional approval groups including chemical products, efficacy, residues, toxicology, environmental influence, production and circulation. Pesticide categories like insecticides, fungicides, herbicides, plant growth regulators, rodenticides and hygienic insecticides are all included.
From 16-17 November 2017, the 2017 Pesticide Formulations Seminar, hosted jointly by Jiangsu Crop Protection Industry Association and Jiangsu TOM Packaging Machinery Co., Ltd., was held in Jiangsu Province. Specifically the enterprise representatives discussed about how to achieve intelligent and mechanized development in the domestic pesticide formulations business and paid visits to the production sites of the domestic top pesticide formulations processors.
Lianhe Technology Co., Ltd. (Lianhetech) announced on December 9, 2017 that its wholly-owned subsidiary, Jiangsu Lianhe Technology Co., Ltd. (Jiangsu Lianhe) intended to construct Xiangshui hazardous waste landfill project in Xiangshui Industrial Economic Zone in Yancheng with total estimated investment of USD75.6 million. Lianhetech expressed that the investment was a brand-new attempt for company to enter the environmental protection industry.