Trusted Market and Commodities-Trade Intelligence
In Sept. 2016, the Ministry of Agriculture of China (MOA) published the Announcement No. 2445, saying that to safeguard the quality safety and ecological environment safety of agricultural produces, and after the permission of the National Pesticide Registration Approval Committee, it decided to adopt the following management measures on the eight pesticides, namely 2,4-D butylate, paraquat, dicofol, flubendiamide, carbofuran, phorate, isofenphos-methyl and aluminium phosphide.
On 29th August, 2016, as a respond to the No. 7307 recommendation of the Fourth Session of the National People's Congress, Ministry of Agriculture (MOA) issued a document mainly containing some suggestions on addressing the carbendazim problem, of which major content can be divided into three points as follows:
Jiangsu Yangnong Chemical Group Co., Ltd. (Jiangsu Yangnong) released its H1 2016 financial figures:
² Revenue: USD240.7 million, down by 11.5% YoY
² Net profit: USD32.1 million, down by 15.2% YoY
On 29 Aug.,
2016, Shenzhen Noposion Agrochemicals Co., Ltd. (Noposion) published a notice saying that it plans to transfer the 35.0%
shares of that it holds in Jiangsu Changlong Agrochemicals Co.,
Ltd. (Changlong Agrochemicals) to Shenzhen Rongxin South Investment Co., Ltd.
(Rongxin South, one of the shareholders of Noposion), with the price of USD24.7 million. By then, Noposion
will have finished the ripping off the 35.0% shares of both Changlong Agrochemicals and Jiangsu Changlong Chemicals Co., Ltd.
On 20 Aug.,
2016, Hefei Fengle Seed Co., Ltd. (Fengle Seed) published a notice saying that
it approved the USD6.5 million of investment from its pesticide subsidiary,
namely Anhui Fengle Agrochemical Co., Ltd. (Fengle Agrochemical), about the new
building of three pesticide formulation production lines in the factory of the
Feidong Circular Economic Park in Hefei City, Anhui Province.
On 29 Aug.,
2016, the China Petroleum and Chemical Industry Federation (CPCIA) published a
notice saying that to actively promote the green development of the petroleum
and chemical industry and guide the use of green and environmentally-friendly
solvents for pesticides, it decided to start the identification of
environmentally-friendly EC products. Enterprises conforming to the conditions
can apply for product identification, and the CPCIA will help them market.
Shenzhen Noposion Agrochemical Co., Ltd. (Noposion, the largest pesticide formulations manufacturer in China) released its H1 2016 financial report. Specifically, it made the revenue of USD227.7 million, up by 4.2% YoY and net profit USD2.9 million, down by 91.4% YoY.
On 20 August, 2016, the China Securities Regulatory Commission (CSRC) announced the approval of the IPO (= initial public offering) application made by Jiangsu Flag Chemical Industry Co., Ltd. (Jiangsu Flag).
According to statistics by Think Real, in May 2016, China’s export volume and value of glyphosate were 88,714 tonnes and USD188.5 million, which respectively increased by 36.5% and 15.2% year on year.