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Crop Protection China News 1123 - Annual Subscription Published on December 2011

Report Summary Looking back at the performance of domestic pesticide enterprises, it shows that domestic pesticide industry fails to recover in 2011. According to the 2011 Q3 financial reports of all the listed pesticide companies in China, total revenue of these companies reached USD4.07 billion in Q1-Q3 2011, up 24.07% compared with that at the same period last year. On the other side, the net profit during this period witnessed slide, reaching USD100.66 million, down 32.28% over Q1-Q3 2010. Many reasons are considered to be responsible for the downturn of pesticide industry, such as overcapacity, high price of raw materials, intense competition and low industrial concentration. Overcapacity is still blamed as the main reason. The overcapacity condition of some large-scale pesticides, such as glyphosate, imidacloprid, abamectin and acetochlor, is even worse. The capacity of glyphosate in China has reached over 720,000t/a in 2011, but the dim demand makes the output of the product reach only 300,000 tonnes to 350,000 tonnes during this period. Cracking down on and standardizing the chaotic pesticide industry, leading to orderly production, investing more in new pesticide R&D, etc. are considered to be good ways to ease the downturn in domestic pesticide industry. Unfortunately, it is more easier said than done, and serious overcapacity in China may still continue in the next few years.

Table of Content Domestic pesticide industry continues downturn Chain operation mode in agrochemical field faces challenge in China Bayer CropScience to expand in China China's nitenpyram market predicted to have an upward trend High price impedes promotion of toosedarin insecticides Registration of coumoxystrobin路tebuconazole 40% SC to be approved in 2012 Policy to further support bio-pesticide China plans to subsoil 46.7 million ha. arable land again in suitable region till 2015 New corn diseases and insect pests increase in 2011 Companies Mentioned Bayer CropScience (China)

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Crop Protection China News 1123 - Annual Subscription  

Looking back at the performance of domestic pesticide enterprises, it shows that domestic pesticide industry fails to recover in 2011. Accor...

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