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The Eighth Asia International Agricultural Exhibition (Kazakhstan) was partially held by the China Crop Protection Industry Association (CCPIA) in the capital of Kazakhstan during 14-16 March, 2018, which was attended by 196 companies from 21 countries and regions. Attending countries included Kazakhstan, China, Russia, Canada, Turkey, Ukraine and the US. The exhibition specially set up the China Pesticide District, which displayed products from 16 Chinese pesticide enterprises under the lead of the CCPIA.
Zhejiang Wynca Chemical Group Co., Ltd. (hereinafter referred to as " Zhejiang Wynca ") recently issued a clarification announcement on untrue rumors.
On 19 March, 2018, the Ministry of Commerce of China (MOFCOM) finally ruled that dumping was found in methyl isobutyl ketone (MIBK) imported from South Korea, Japan and South Africa. The Tariff and Classification Committee of the State Council decided that starting from 20 March, anti-dumping tax shall be levied on MIBK originated from the above three countries. Compared with the first rule, there was some changes in the anti-dumping tax in the final one.
On 20 March 2018, Yuan Longping High-Tech Agriculture Co., Ltd. (Longping High-Tech) announced its signing of an Initiators’ Agreement on Xianlong Biotechnology Co., Ltd. with China National Agrochemical Co., Ltd. under China National Chemical Corporation (ChemChina) in Changsha City, Hunan Province. They agreed to make joint investments to establish Xianlong Biotechnology Co., Ltd., of which ChemChina will invest USD7.9 million, making up 50% of the shares and Longping High-Tech USD7.9 million also, accounting for 50% of the shares.
On 6 March, Zhongnongfa Seed Industry Group Ltd. (Zhongnongfa Seed) published a notice about the update of the sale of the 67% shares of Zhongnongfa Henan Agrochemical Co., Ltd. (Henan Agrochemical). In detail, by 1 March, 2018, no transferre party had appeared. To finish the transfer, Zhongnongfa Seed had decided to lower the bottom price by 10% and list it with the price of USD42.6 million on 5 March.
On 19 March, 2018, the National Agro-Tech Extension and Service Center (NATESC) published the prediction report on wheat diseases and pests, according to which along with the rising temperature, wheat diseases and pests strike the crop from south to north China gradually. The strike by sheath blight and wheat mites is serious in some parts of Huanghuai, and stripe rust enters the spreading phase in Southwest China and the Han River Realm. By 15 March, the stricken area by wheat diseases and pests in China had reached 5.6 million ha, down by 25.9% year on year.
According to Jiangsu Plant Protection Plant Quarantine Station, the Ministry of Agriculture of the People’s Republic of China (MOA) is now striving for the central fiscal fund to subsidize the prevention and control of wheat scab.
On March 9, 2018, Jiangsu Huifeng Petrochemical Co., Ltd. (Huifeng Petrochemical), a wholly-owned subsidiary of Jiangsu Huifeng Bio-Agriculture Co., Ltd. (Jiangsu Huifeng), signed the Investment Cooperation Framework Agreement with Huagang Gas Group Co., Ltd., and Jiangsu Dafeng Harbor Holdings Co., Ltd.
Zhejiang Wynca Chemical Group Co., Ltd. intended to invest USD2.2 million to acquire shares of Hubei NJF Agricultural Means of Production Co., Ltd. (NJF) from its shareholders. After this transfer, it planned to take 4.50 million shares newly increased in the company at USD0.3/share by contributing USD1.3 million. Then Zhejiang Wynca will in total invest USD3.5 million and hold 12.50 million shares in NJF, making up a 51% stake.
Since the second half of 2017, under the effect of the environmental protection examination, chemical enterprises had to stop or restrict production, which caused serious short supply of pesticide technical and intermediates and low operating rate of technical enterprises. Moreover, some producers engaged in trading raised the pesticide technical prices and by Nov. 2017, they reached the highest and didn’t fall. Except for some price reduction of some special products, most pesticide technical products maintained at a high price level though the prices didn’t go up to a large extent.