China’s Herbicide Formulation Export Values Rose 35% in 2017

Both China’s export volume and value of herbicide formulations showed double-digit growth in 2017, according to trade intelligence firm Tranalysis.

“Exports of China’s pesticides have undergone significant changes in the past years, shifting the share of pesticide formulations into bigger parts on the cost of pesticide technical. Hence, the proportion of formulation exports has increased year by year. China’s manufacturers see the trend as a chance to get higher margins by value-added products and more players are getting into the market to claim their share,” according to Tranalysis.

Along with rising and production, pesticide exports saw year-on-year rises in volumes, prices and value following 2016’s crisis. More specifically, herbicide formulation exports reported 17.61% increase YoY in volumes, while the value climbed 34.65% from 2016 to 2017.

China’s manufacturers are mainly exporting technical in international markets, due to the tax rebate gap between technical and formulations. This issue is a long-time thorn in the eyes of China’s industry, lowering motivation for value-added processing of technical into formulations and slowing down healthy development, Tranalysis said.

However, several government departments are working on suggestions on higher pesticide formulations tax rebates, which, after implemented, will likely lead to a surge of exports, better competitiveness in international markets, and new investments as well as innovations in technology.

 Read the full article.

 

Topics: ,

Leave a Reply

One comment on “China’s Herbicide Formulation Export Values Rose 35% in 2017

Agrichemicals

Agrichemicals

Hemani Industries Launches Branded Formulation Division

Hemani Industries Limited, serving international agrichemical customers for more than three decades, has launched its branded formulation division to serve

Agrichemicals

Considering Cuba: Opportunities and Challenges for Ag Input Suppliers

As Cuba attempts to boost its production of food products for domestic consumption, it is expected to gradually increase use and import of chemical inputs.

Adjuvants

Exosect Grants Monsanto License for Formulation Product

UK-based Exosect Ltd. announced it has granted Monsanto Company a license to use its Entostat technology for the delivery of select agricultural biologicals as seed treatments.

Herbicides

HELM Agro US Acquires BASF Herbicide

HELM Agro US, Inc. has signed an agreement to acquire EXTREME herbicide from BASF Corp. EXTREME provides excellent burndown and

India-crop-protection-application
Agrichemicals

UPL to Acquire Arysta for Over $4 Billion

Deal Street Asia said the deal could be announced as early as this week.

Agrichemicals

India’s Crystal Crop Protection Launches Seven Products

Crystal Crop Protection launches new herbicides, fungicides, and insecticides in India.

Adjuvants

Sapec Agro Business Enters Adjuvant Sector with SDP Acquisition

Sapec Agro Business has announced the acquisition of French company SDP, through its subsidiary Tradecorp. The acquisition of SDP, which

ChemChina
Agrichemicals

ChemChina, Sinochem Merger Imminent

Merger believed to be one of the Chinese government’s conditions for its support of ChemChina’s $49 billion takeover of Swiss agrichemicals giant Syngenta AG.

Agrichemicals

AMVAC Names Eilers Managing Director

Eilers will be responsible for AMVAC’s international business.

Agrichemicals

Atticus Snaps Up Tacoma Ag, Expands Generics Portfolio

This strategic acquisition complements and expands Atticus’ product offerings, particularly in the herbicide category.

Agrichemicals

Monsanto and Corteva Agriscience Expand Licensing Agreement for Roundup Ready 2 Xtend Technology

Monsanto Company and Corteva Agriscience, Agriculture Division of DowDuPont, announced the companies have reached an agreement on an expanded license

Africa/Middle East

Eurofins Adds Field Base and Two Satellite Bases in Morocco

New for 2018 is EAS Groups field base in Morocco – from the main facility in Meknes, based in the

Agrichemicals

BASF Submits Dossiers for Two Herbicides

BASF announced it has submitted the regulatory dossier for Luximo herbicide in the European Union and in Australia, and for Tirexor herbicide in Australia.

Wheat
Agrichemicals

Sumitomo, BASF Submit Registration Application for Fungicide in EU

Pavecto differs from existing QoI fungicides because it controls pathogens that have developed resistance towards strobilurin fungicides currently available on the market.

Americas

AMVAC Acquires Bayer’s Bromacil Business

The assets being purchased include the Bromacil trademarks and product registrations for sale of Hyvar and Krovar in the USA and Canada.

Agrichemicals

Platform: In Talks with Arysta’s Potential Acquirer

A consortium including UPL Ltd. is the company in exclusive talks to acquire the Bill Ackman-backed Arysta, which Bloomberg said could fetch more than $4 billion including debt.

Agrichemicals

BASF Registers New Active in India, Australia

The company anticipates further registrations in the United States, Canada, Mexico, China, and Argentina.

Agrichemicals

As Agchem Complexity Grows, Specialists Take Off Some of the Heat

Chemical companies increasingly are using specialist suppliers to outsource the process development and production of complex new molecules.

Africa/Middle East

Bayer Closes Monsanto Acquisition

Bayer successfully completed the acquisition of Monsanto on Thursday. Shares in the U.S. company will no longer be traded on

Latest News

Asia

Ning Replaces Ren as Syngenta Board Chair

Jianxin Ren, Chairman of the Board of Directors of Syngenta AG, has retired from the company's board.

Agrichemicals

Hemani Industries Launches Branded Formulation Division

Hemani Industries Limited, serving international agrichemical customers for more than three decades, has launched its branded formulation division to serve

Agrichemicals

Considering Cuba: Opportunities and Challenges for Ag Input Suppliers

As Cuba attempts to boost its production of food products for domestic consumption, it is expected to gradually increase use and import of chemical inputs.

Seeds and Traits

Global Reports Confirm GM Crops Delivering Benefits to Farmers, Agriculture, and the Environment

The latest independent reports published by the International Service for the Acquisition of Agri-Biotech Applications (ISAAA) and UK-based PG Economics

Asia

From Plate to Plough: India Must Get its Agri-Markets Right

With the overarching concern for food security of 1.32 billion people, India’s policymakers have a challenging task, according to an