Crop Protection China Monthly Report(Crop Protection China Monthly Report 202211)

The overall price of pesticides in China rose in 2021 and has been falling year to date. In late 2021, power rationing and other negative factors like depressed capacity and increasing cost of raw materials, encouraged the price hikes of most pesticides, as revealed in the form of China Agrichemical Price Index (CAPI). In months of 2022, CAPI of pesticides shows a decrease of 15.11% from Jan. to Sept.

The CAPI of herbicides registered its highest in Jan. and then started to fall almost straight to Sept., with a small head-up in Aug. For fungicides, CAPI had once peaked in April and then pulled back in May and June before stably moving to Sept. Insecticides' CAPI showed the least month-on-month changes among the other two categories on average, bottoming out in May, down by near 12.5% from that of Dec. 2021.

Price changes of 15 selected technical products from Jan. to Oct. 2022, namely glyphosate, glufosinate-ammonium, atrazine, clomazone, fomesafen, imidacloprid, bifenthrin, lambda-cyhalothrin, abamectin, emamectin benzoate, azoxystrobin, prochloraz, thiophanate-methyl, metalaxyl and tebuconazole, are analysed in this issue.

The USD/CNY exchange rate applied in this issue is USD1.00=CNY7.2081, sourced on 1 Nov., 2022 from the People's Bank of China.