Overview:
It is apparent that reshuffle is an inevitable trend in domestic pesticide industry. Chinese government releases some policies to ensure sound development of the pesticide industry, among which formal “Pesticide Industry Policy” captures spotlights from domestic pesticide industry.
“Pesticide Industry Policy” calls for reducing the number of pesticide companies by 30% by around 2015, and the industry sales of top 20 producers will constitute 50% of national total as expected at that time. By 2020, the MIIT hopes that market share of around 70% will concentrate in the top 20 firms.
The leading pesticide companies will benefit from the “Pesticide Industry Policy”. Stock prices of most listed domestic pesticide companies witnessed huge increase after the release of “Pesticide Industry Policy
Besides, management method for the industry is improving. Institute for the Control of Agrochemicals of the Ministry of Agriculture (ICAMA) stipulates that companies in pilot provinces should apply for pesticide registration online from 1 Sept. 2010, which is time-saving, or, let’s say, creating benefits for pesticide companies. "
MIIT releases the formal “Pesticide Industry Policy”, meaning reshuffle in domestic pesticide industry is expected.
To save time for pesticide registration, companies in pilot provinces should apply for pesticide registration online, signifying a trend for the whole nation.
Jiangsu Changqing plans to set up a wholly-owned agrochemical trading company.
Fujian Sannong gets relisted on 30 Sept. 2010 with main business seeing significant change.
Origin Biotech and CAAS reach agreement on Bt-gene development.
The Launch of Jiangxi Jufeng’s ethylenediamines production line alters China’s import situation.
Cotton price surges to a record high in Sept. this year.
Beijing Dabeinong’s new corn seed, Nonghua 101, gains national approval.
Agria invests USD5.98 million in Wuwei Ganxin to acquire 49% of its total shares.
Companies Mentioned
Jiangsu Changqing Agrochemical Co., Ltd., Fujian Sannong Group Co., Ltd.,Origin Biotechnology,Jiangxi Jufeng Chemical Company,Beijing Dabeinong Technology Group Co., Ltd., Agria Corporation
|
