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Latest From Duncan Poupard
Three Chinese agrochemical companies have “voluntarily given up” their pesticide production businesses and withdrawn from the market, according to the latest such official report to be published this year.
Chinese company Shenzhen Noposion Agrochemicals will transfer its 35% stake in Jiangsu Changlong Chemicals to trade and investment company Shenzhen Rongxin Southern Investment for Yuan 164.7 million ($24.7 million at the current rate).
Chinese company Huapont Life Sciences recorded a 4.2% decrease in agrochemical sales in the first half of 2016 to Yuan 2,257.7 million ($339.2 million at the current rate).
Chinese agrochemical company Jiangsu Yangnong Chemical recorded an 11.5% fall in sales to Yuan 1,595.2 million ($240.6 million at the current rate) in the first six months of 2016.
Chinese company Zhejiang Wynca Chemical recorded a 22.6% decline in agrochemical sales to Yuan 1,420.9 million ($214.3 million at the current rate) in the first six months of 2016.
China’s leading pesticide formulator, Shenzhen Noposion Agrochemicals, recorded a 0.5% dip in formulation sales to Yuan 1,320.7 million ($199.2 million at the current rate) in the first six months of 2016.