Fungicides China Monthly Report

Welcome to Fungicides China News published by CCM, a professional consulting company which has been extensively and intently focusing on the dynamics of China's fungicide industry.

According to Sui Pengfei, an official from the Institute for the Control of Agrochemicals, Ministry of Agriculture (ICAMA), during the 5th China High-Level Forum on Pesticides that new Pesticide Management Regulations will be issued before Dec. 2012, which will be favorable to the development of domestic pesticide industry in the future. Also, the detailed information about this new regulation will be timely reported by CCM.

Though the whole market situation of China's pesticide industry witnessed recovery with the demand pull this year, fungicides' market quotation confronted a downturn trend, especially in fungicide export. Specifically, Chinese total export volume of fungicides declined by 7.98% year on year from Jan. to Sept. 2012 to 54,250 tonnes. Under the circumstances, the total export value of fungicides also witnessed a fall of 11.49% year on year from Jan. to Sept. 2012 to about USD254.76 million.

Particularly, some key export-oriented fungicide varieties performed poorly in export business since early 2012, such as carbendazim and mancozeb. Due to the gloomy export condition, the quoted prices of these two fungicides mentioned above also gradually went down in the past few months of this year, which correspondingly exacerbated the difficulties among domestic manufacturers.

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