Despite a sluggish global economy since early 2012, China’s insecticide market may, surprisingly, be thriving in the second half of 2012.
According to National Agricultural Technology Extension and Service Center, the damage of insect pests on major crops such as rice, corn and cotton will be severer over last year. Take rice as example, the accumulated occurrence area of rice pests and diseases will reach 74 million hectares in H2 2012, including 48 million hectares to be damaged by pests, indicating the coming of the second peak sales season of insecticides.
Moreover, the prices of major grain crops (corn, soybean and wheat) in the international market have largely increased since June 2012. Farmers' enthusiasm of planting will be pushed up, thus demanding more pesticides. Then the export of Chinese pesticides will get benefits in H2.
Under such favorable conditions, some domestic agrochemical companies will certainly represent a good performance in 2012. Is it Hebei Veyong Bio-Chemical Co., Ltd., Jiangsu Yangnong Chemical Co., Ltd. or other companies? Let's wait and see!
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