Trusted Market and Commodities-Trade Intelligence
"The prices of prochloraz formulations have increased to different extent in mid- and down-stream markets where there are distributors and retail sale stores of agricultural means of production (AMP). The extent differed, based on the inventories and the price strategies carried out by different producers;" found a reporter from Nanfang Rural during his interview in mid and late May 2018, "This is mainly because Jiangsu Huifeng Agrochemical Co., Ltd., a key producer of prochloraz technical, was ordered by the administration to suspend production for rectification."
In mid-May, 2018, the National Agro-Tech Extension and Service Center (NATESC) issued a pest forecast notice, indicating that pests and diseases of early rice in 2018 would occurred seriously. It is expected that Rice plant hopper, rice asiatic borer, and sheath blight will occur seriously, while rice leaf roller and rice blast disease will occurr moderately. There are 18.7 million hectares of occurrence area in the country, including 12.7 million hectares of insect occurrence and 6 million hectares of disease occurrence.
This year, 2018, sees the vigorous marketing of a new herbicide mixture of glyphosate and glufosinate-ammonium (Commodity name: BaiSuDa) carried out by YongNong BioSciences Co., Ltd. (Yongnong Biosciences). In addition, the domestic well-recognized companies including Shenzhen Noposion Agrochemicals Co., Ltd., Wynca Group and Hailir Pesticides and Chemicals Group have all obtained registration certificates of “glyphosate + glufosinate-ammonium” recently, according to the Institute for the Control of Agrochemicals, Ministry of Agriculture and Rural Affairs (still abbreviated as ICAMA, as no official announcement was made to change this abbr.).
In 2017, Beijing Nutrichem Company Limited (Nutrichem) made revenue of USD968.5 million, up by 34.7% year on year, and net profit of USD46.0 million, sharply up by 43.7% year on year.
In 2017, Hefei Fengle Seed Co., Ltd. (Fengle Seed) made revenue of USD209.8 million, up by 18.8% year on year, and net profit of USD1.7 million, down by 45.5% year on year.
On 17 April 2018, the Ministry of Commerce of the People’s Republic of China (MOFCOM) made its No.38 announcement this year, regarding the preliminary decision on the anti-dumping investigation into the sorghum imported from the US. “The sorghum produced and imported from the US is dumped into China, causing material injuries to the domestic sorghum business. Hence, we decide to take provisional anti-dumping measures against the sorghum produced and imported from the US,” said the MOFCOM.
On 18 April 2018, Anhui Huaxing Chemical Co., Ltd. (Huaxing Chemical)’s Green Intelligent Pesticide Formulation Processing Center specifically for glyphosate AS (100,000 t/a) and glyphosate GR (10,000 t/a) was put into formal operation. In addition, the company announced the official start-up of its 24,000 t/a specialty carboxylate ester project.
On March 16, 2018, Yancheng South Chemical Co., Ltd. and Yancheng Taihe Chemical Co., Ltd. respectively obtained product registration of imazamox TC, making the current number of registered companies reach 13.
Wheat head blight has always been the biggest problem that influence wheat production in China. In 2017, the occurrence of head blight in Henan province and Anhui province hit an accumulative area of 3.67 million hectare, which caused a great loss of production. After infected with head blight, the wheat quality is reduced and the rate of flour production could be reduced as well. Thus the wheat can neither be eaten nor processed, but has to be treated separately.
From 9-10 April 2018, the National Agri-Tech Extension Service Center (NATESC) held a Business Conference on Occurrence Trend of Wheat Pests & Diseases at Mid and Late Stage in China in Xi’an City, Shaanxi Province. It is expected that in 2018, wheat pests & diseases will strike in a way severer than ordinary years at the mid and late stage. In total, 59.3 million ha area will be stricken nationwide, including 30.7 million ha by wheat diseases and 28.7 million ha by wheat pests.