On 24 Jan., 2015, Shenzhen Noposion Agrochemicals Co., Ltd. (Shenzhen Noposion) announced that it planned to offer joint liability guarantee to its holding subsidiary Jiangsu Changlong Agrochemicals Co., Ltd. (Jiangsu Changlong) by a bank credit valuing at USD19.5 million.
On 23 Jan., 2015, the State Administration for Industry & Commerce (SAIC) issued the Results of Oriented Monitoring of Online Commodity Trading in H2 2014, publicizing the investigation results of products sold on six largest online trading platforms in China. The results showed that only 30% of pesticides sold on taobao.com are genuine.
On 27 Jan., 2015, Noposion Agrochemicals Co., Ltd. (Noposion), the largest pesticide formulation enterprise in China, released express information on the performance. It is expected that the revenue in 2014 would reach USD358.7 million, a YoY increase of 26.9%.
According to data released by China Customs recently, in 2014, China totally imported 71.4 million tonnes of soybean, up by 12.7% year on year, which is also a historic high.Analysts say that with the recovering of husbandry and breeding industries in 2015, the demand for feeds will go up further. Due to increasing import volume of soybean, the production cost will go down.
On 28 Jan., 2015, the MOA held an executive meeting, in which the Action Plan for Zero Growth in the Use of Pesticides, the Action Plan for Zero Growth in the Use of Fertilizers and the Regulations for Crop Pest Controlwere deliberated and basically approved.
According to statistics from China Customs, Think Real made an analysis on the glyphosate exports from China in Nov. 2014: from this, the export volume totaled 44,319 tonnes, with a slight MoM decrease compared with that in Oct. 2014; the export value reached USD142.2 million, a MoM decrease of 4.51%.
According to the National Bureau of Statistics (NBS), 367 Chinese scaled pesticide enterprises produced 371,000 tonnes of pesticides (calculated by 100% technical, similarly hereinafter) in total in Dec. 2014, a YoY decline of 7.4%.
On 13 Jan., 2015, Jiangsu Huifeng Agrochemical Co., Ltd. (Jiangsu Huifeng) announced that it would increase capitals – USD8.0 million in Jiangsu Jialong Chemicals Co., Ltd. (Jiangsu Jialong), so as to integrate resources from subsidiaries.
On 16 Jan., 2015, the ICAMA released the list of the first batch of to-be-registered pesticides in China in 2015 and some relevant information to the public. The list included 65 to-be-registered pesticides, among which there were 7 technical registrations and 58 formulation registrations.
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