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Think Real press releases and industry coverage


Longping High-Tech exploits Brazilian seed market

On 30 May 2018, O Globo, well recognized newspaper in Brazil, reported that Yuan Longping High-Tech Agriculture Co., Ltd. (Longping High-Tech) held a meeting with over 400 local seed distributors in Campinas, São Paulo this week, discussing about the proposal to exploit Brazilian seed market.

 

Jiangsu Huifeng’s subsidiary to expand biofertilizer business

On 24 May 2018, Jiangsu Huifeng Bio Agriculture Co., Ltd. (a subsidiary under Jiangsu Huifeng Agrochemical Co., Ltd. (Jiangsu Huifeng)) made an announcement, saying that Jiangsu Huifeng’s fully owned subsidiary Jiangsu Huifeng Biotechnology Co., Ltd. had received the registration certificates of bioorganic fertilizers, compound biofertilizers and microbial agents from the Ministry of Agriculture and Rural Affairs of the People’s Republic of China.

 

Pyribenzoxim gaining increasing registration in Chinese market

Since 2017 pyribenzoxim products have recorded growing registration in China. Between Jan. and April 2018, there were a total of 11 pyribenzoxim registration issued, vs. 10 in full-year 2017, according to the Institute for the Control of Agrochemicals, Ministry of Agriculture (ICAMA).

 

Pressured by environmental policy, quotations of prochloraz formulations increased in terminal market

"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."

 

NATESC: main pests and diseases of early rice occurred seriously in 2018

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.

 

Several companies develop glyphosate + glufosinate-ammonium mixture

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.).

 

Nutrichem: net profit sharply up by 43.7% YoY to USD46.0 million in 2017

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.

 

Fengle Seed: agrochemical revenue up 33.3% YoY to USD138.3 million in 2017

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.

 

MOFCOM takes provisional anti-dumping measures against sorghum imported from the US

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.

 

Huaxing Chemical: pesticide formulation processing center put into formal operation

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.