Trusted Market and Commodities-Trade Intelligence
"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."
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.
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.).
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.
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.