Pyraclostrobin is Regarded as One of the Promising Fungicide Products in China

Date: 2015-08-05

“On 24 April, 2015, the Food Safety Law was approved in the 14th meeting of 12th NPC Standing Committee, which will be implemented starting from 1 Oct., 2015. 
The law stipulates that the government encourages and supports farmers to use environmental friendly pesticides with low toxicity and low residue, and promotes R&D and application of substitutes for highly toxic pesticides. It also highlights that highly toxic pesticides are forbidden to apply in fruits, vegetables, tea, and Chinese herbal medicine. 
The implementation of this law will be favorable for the promotion of biological pesticides. It also requires pesticide manufacturers to focus on the development of environmental protection pesticides with high safety, low toxicity, biological activity and flexibility. 
The USD/RMB exchange rate in this report is USD1.00=RMB6.1434 on 1 April, 2015, sourced from the People’s Bank of China. All the prices mentioned in this report will include the VAT unless otherwise specified.”

“In 2014, Limin Chemical achieved USD123.38 million (RMB757.95 million) in revenue, of which 84.56% of revenue was contributed by its fungicide business. The company will continue to strengthen fungicides business and optimize insecticides & herbicides business in 2015.
In 2014, Lanfeng Bio-Chem recorded a YoY drop of 25.17% in pesticides revenue. Accordingly, the key drive behind the pesticides revenue fall was that the revenue from fungicides declined by 22.81% year on year.

Many pesticide enterprises have started to implement internet operations strategies, especially relating to establishing pesticide e-commerce platforms and agricultural information service platforms. Since 2014, Shenzhen Noposion has been striving to establish a comprehensive platform integrating agricultural information service businesses, e-business platform of agricultural capital and agricultural financial services.

In 2014, Jiangsu Huifeng achieved a YoY increase of 16.45% to USD395.39 million (RMB2.43 billion) in revenue. Of this, the revenue from pesticide business was USD377.81 million (RMB2.32 billion), with a 12.29% year-on-year growth rate. The company will expand pesticide business and develop pesticides e-commerce.

Pyraclostrobin is regarded as one of the promising fungicide products in China. The patent of pyraclostrobin is to expire, more and more pesticide enterprises are developing this product.

The Action Plan for Zero Growth of Pesticides Application by 2020 aims to lower the consumption of pesticides, and environment and safety laws will impose stricter requirements on pesticides. As a result, there will be significant opportunities for pesticide manufacturers that can produce pesticides that are highly efficient, environmentally friendly and safe.

With the tight supply of carbendazim TC in the domestic market, new changes appeared in its price. In April 2015, the ex-works price of carbendazim TC was on the rise, compared with that in 2014 and at the beginning of 2015.

According to the ICAMA, in March 2015, there were 13 fungicide technical products obtaining registrations in China. Thereinto, famoxadone obtained two registrations for 98.5% TC and 98% TC, respectively.

2014 witnessed a year-on-year decline of 52.27% in the total export volume of azoxystrobin technical and formulations in China.

In 2014, China’s export volume of difenoconazole technical increased by 47.97% year on year. However, the export volume of difenoconazole formulations was down by 7.58% year on year.

On 13 April, 2015, the NATESC predicted that the accumulative stricken areas of major wheat diseases in China will reach 22 million ha (330 million mu) in mid-to-late growth season (2015), and diseases covering scab, stripe rust, powdery mildew, leaf rust and sheath blight would pose the largest threats to wheat.

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