October 2026 pesticide TC market
In October 2026, the pesticide technical market showed divergence: herbicide prices split, with some varieties rising on higher raw material costs; insecticides extended their uptrend; and fungicides entered the off‑season, with over half of products rising on supply contraction or cost support but lacking momentum for a broad rally.
Key developments in October 2026
Projects and capacity: Luodong Bio (a wholly owned subsidiary of Dongfeng Chemical) completed environmental acceptance disclosure for Phase I of its new 1,450 t/a TC and 3,550 t/a formulation project. The project includes 300 t/a each of Saisentong, fluroxypyr, and bromoxynil octanoate, and 100 t/a each of desmedipham and phenmedipham. The domestic desmedipham/phenmedipham capacity landscape is now clear, with Good Harvest‑Weien leading at 1,000 t/a.
Companies: Shaanxi Meibang reported Q3 revenue of USD22 million (RMB145 million) and net profit attributable to shareholders of USD139,200 (RMB870,200), with sharp divergence between fungicide and insecticide prices and stronger pricing resilience for fungicides. The company adjusted its annual credit bank allocations while keeping the total at USD186 million (RMB1.25 billion) unchanged; Shaanxi Nuozheng retained its high USD70 million (RMB470 million) limit and received a capital injection, with resources tilted toward its 20,000 t/a TC and intermediate project. Shaanxi Meibang also issued rights‑protection statements on three patents—bromothalonil·bronopol, diethyl aminoethyl hexanoate·6-benzylamino-purine, and kasugamycin·bromothalonil—demanding infringers cease production and sales and recall products.
Policy and regulation: Peru's SENASA suspended use of glyphosate, chlorpyrifos, methomyl, imidacloprid, and clothianidin on food crops for domestic consumption—a temporary emergency measure following a Constitutional Court ruling that exempts export crops, raising industry concerns over shortages of alternatives. MARA issued Announcement No. 1071, revising the Detailed Rules for the Review of Pesticide Production Licenses, effective 1 December, shifting review toward key‑item constraints and on‑site substantive verification: key items carry a "one‑vote veto", "recommended for improvement" items must not exceed five, renewal applications require production status reports, on‑site verification circumstances and effects are clarified, personnel and park requirements are hardened, and production sites may not be shared or leased. Companies must self‑check key items in advance and prepare renewal materials.
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