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the National Agro-Tech Extension and Service Center (NATESC)’s projection
published on 13 June, 2016, the number of live corn borers on 100 plants in
most planting areas this year is lower than those in conventional years
including 2015. The first generation of corn borer is predicted to heavily
strike the western part of Northeast China, the northern part of Xinjiang Uygur
Autonomous Region and some regions in the Huang-Huai-Hai Area; moderately in
North China, the rest of Northeast China and the Huang-Huai-Hai Area; and
slightly in the rest of the planting areas in the country. Estimation of the
total occurrence area of the first generation pests would be around 9.3 million
In June 2016, China CITIC Bank (CITIC) announced that the first
distribution targeted at China National Chemical Corporation (ChemChina)’s
acquisition of Switzerland based Syngenta, was successfully finished on 3 this
month. Accordingly, the total commitment was 120% of the syndicated loans.
On 28 May, 2016, the 28,000t/a environmentally-friendly pesticide fixed formulation project of Beijing Yanhua Yongle Biotechnology Co., Ltd. (Yanhua Yongle) started its construction in Leting County, Hebei Province. Located in the Chemical Industry Park of the Leting Economic Development Zone, the project is invested with USD56.9 million with the area of 100,000 square meters. It is planned to be finished and launched in April 2017. Yanhua Yongle said that the predicted sales revenue and profit of the project are USD379.4 million and USD106.2 million respectively.
According to statistics from Think Real, China
exported 54,034 tonnes of glyphosate in Feb. 2016, down by 21.6% YoY. The
corresponding value also declined by 36.2% to USD116.6 million.
The CCPIA officially announced the 13th Five-year Development Plan for Pesticide Industry (2016-2020) (hereinafter referred to as the Plan) on 26 May, 2016.
27 May, 2016, the Institute for the Control of Agrochemicals, Ministry of
Agriculture of China (ICAMA) published a notice about the fifth batch of
pesticides planned to be approved, which includes the temporary registration of
94% fluoxastrobin technical by Bayer CropScience AG (Bayer). It will be the
first registration of the active ingredient in China.
On 20 May, 2016, Zhejiang Shenghua Biok Biology Co., Ltd. (Shenghua
Biok) announced the conditional approval made by the China Securities Regulatory
Commission on its proposal to acquire Blaze.Loong Group (Blaze.Loong).
Accordingly, Shenghua Biok planned to invest USD244.4 million (USD122.2 million
in cash + USD122.2 million by share) in acquiring 100% of stake in Blaze.Loong,
an online game developer and distributor (as an agent), and to make a private
placement targeted at the actual controlling shareholder, Shen Peijin, for a
sum of <=USD229.2 million.
To promote the structural reform of agricultural supplies and enhance the quality and efficiency of agriculture, the Ministry of Agriculture (MOA) formulated the Adjustment Plan for China’s Planting Structure in 2016-2020 (the Plan), asking the agricultural departments of local provinces, autonomous regions and municipalities to guide the adjustment of the planting areas of grains, cotton, oil crops, sugar crops, vegetables and forage crops by the Plan.
Accordingly, the Ministry of Industry and Information
Technology of the People’s Republic of China (MIIT) listed the hazardous
chemicals production enterprise relocation and reconstruction project in the
state’s special construction fund, to specifically input USD4.6 billion in
supporting their relocation and the construction of chemical industrial parks/