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AgriChina Investor 1208

date Published Date:1 Aug 2012
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Editor's Note
date Published Date: 25 Dec 2025
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Chinese consumers have been hurt by lots of food scandals in recent years and they are like burnt children who dread the fire at present.

 

On 9 Aug., 2012, a famous domestic financial magazine released via its microblogging service that it will publish an article that ten domestic wine products were tested and found to contain pesticide residues, namely carbendazim and metalaxyl. The stock price of Changyu, a leading Chinese wine maker, dropped by 9.83% on 10 Aug.

 

Most people in China don't know the difference between pesticide residues and maximum pesticide residue limits, the word "pesticide" always arouses their worries about the safety of the product. Changyu issued a statement on its official website on 11 Aug., saying that all its products are up to national standards. Some experts also explained that carbendazim and metalaxyl are normal pesticides used in grape planting and the pesticide residues are unavoidable, and it will pose no threat to humans if the pesticide residues are below the maximum pesticide residue limits.

 

Although this event on wine pesticide residues seems to have been settled, it is the time for domestic companies and the government to rethink and make changes. A food safety scandal will damage a company's reputation, and worse than that, it may lead to the collapse of a company, or even an industry in an instant.

 

In fact, domestic consumers are losing confidence in homemade food products and they are more likely to buy imported food products. The strong demand for imported dairy products is a typical example.

Headline
date Published Date: 24 Dec 2025
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    Investment Dynamic
    date Published Date: 24 Dec 2025
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    • Tiantang Guigu invests in pig breeding industry
    • Sunner Development to triple broiler chicken capacity in future 5 years
    • Three pesticide companies proceeding with IPO
    • Zhejiang's private capital rushes into agricultural industry
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    Investment Environment
    date Published Date: 24 Dec 2025
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    • NDRC's new policy may hard to control edible oil price
    • China to revise Rural Land Contract Law
    • China releases 12th Five-Year National Program for Rural Economic Development
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    Crops
    date Published Date: 24 Dec 2025
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    • China's grain import this year may exceed the high level in 2004
    • Armyworm's impact on corn production to be limited
    • Rising soybean price lifts breeding cost
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    Market Watcher
    date Published Date: 24 Dec 2025
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    • Low gain in agricultural production causes land abandonment
    • Agricultural insurance needs further promotion in China
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    News in Brief
    date Published Date: 24 Dec 2025
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    • Income gap among rural households reportedly extends
    • China's soybean import hits a new high in first seven months of 2012
    • Unused import quota of agricultural produces to be redistributed
    • Qingdao bonded area witnesses cotton overstock
    • China's pesticide technical output increases by 21.70% in H1 2012
    • MOA warns blind capacity expansion of ordinary wheat flour processing
    • World Bank grants loan for Guangdong's agricultural pollution control
    • Guangdong Tiandi Food to explore market outside Guangdong
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