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In early 2017, Beijing Nutrichem Co., Ltd. (Nutrichem) announced the join of two new employees, Jiang Shuo and Chen Ziping, who are appointed as vice presidents starting from 1 Jan., 2017. The former will be in charge of the market and production development while the latter of the company’s sustainable development.
On 23 Dec., 2016, Shenzhen Noposion Agrochemicals Co., Ltd. (Noposion, the largest pesticide formulation enterprise in the domestic market) reached a formal strategic cooperation deal with Hainan Nuozenong Agricultural Development Co., Ltd. (Nuozenong, a distributor of agricultural means of production). The former will buy shares of the latter. The signing ceremony was attended by around well-known enterprises at home and abroad including Hainan Agricultural Means of Production Group Co., Ltd. and DuPont.
On 25 Dec., 2016, the Standing Committee of the National People's Congress passed the China Environmental Protection Tax Law, which is about to be executed from 1 Jan., 2018 onwards. By then, the charging system for pollution discharge that has been implemented for around 30 years will exit from the historic stage. China’s tax revenue will be raised a lot after the environmental protection tax (predicted to reach USD7.2 billion each year) is collected.
On 19 Dec. 2016, FMC Corporation (FMC) announced that the company has taken full ownership of Suzhou FMC Crop Care Co., Ltd. (Suzhou FMC). It’s said that Suzhou FMC was establish in 1994, of which 60% shares was held by FMC and 40% by Jiangsu Suhua Group Co., Ltd.( JSGC).
In Dec. 2016, the China Association of Pesticide Development and Application (CAPDA) held the 4th Pesticide Import and Export Situation Analysis and Experience Exchange Meeting, on which it was known that under the effect of global economy, China’s pesticide export volume and value fell to a large extent in two consecutive years.
According to statistics by Think Real, in Sept. 2016, China exported 47,200 tonnes of glyphosate in Sep. 2016, growing by 6.2% year on year; the export value of the product was USD107.6 million, down by 1.5%.
On 18th December, 2016, Zhejiang Wynca Chemical Group Co., Ltd. (Zhejiang Wynca) issued a reply to the inquiry letter from Shanghai Stock Exchange. The announcement is about the share transfer issues in Zhejiang Hanghua New Material Technology Co., Ltd. (Hanghua New Material), which is the Wynca’s sharing subsidiary and it also describes about how this transaction will influence the annual profit and loss of Zhejiang Wynca in 2016.
According to the latest agricultural data by the Vietnam Ministry of Agricultural and Rural Development (MARD), in the first ten months of 2016, Vietnam imported USD575 million worth of pesticides, among which 47.5% were originated from China by value.
Currently, glufosinate-ammonium products are in short supply and large manufacturers’ capacity is at full load. As the order received was scheduled to the first quarter of 2017, temporarily, new order is not accepted. Market price of glufosinate-ammonium (98% TC) also rose from USD18,700/t in November 2016 to USD USD23,030/t and some quoted price to USD23,750/t.
In 2016, the Core Dealer Exchange Forum was held by Beijing Mindleader Agroscience Co., Ltd. (Mindleader). The company disclosed at the meeting that in 2016, Mindleader’s sales performance would continue to maintain high growth and among them, the strategic product Mingrunfeng (明润丰, 30% tebuconazole+pyrametostrobin SC) was reaching a sales record of USD4.3 million (RMB30 million) in the first year after its initiation in the market.