In September 2026, the fungicide industry operated amid a confluence of broadly rising costs, accelerating policy reshaping, and persistently weak demand. The general rise in raw material prices pushed up production costs, while sluggish end-user demand constrained pass-through. Policy developments—including the passage of the revised Agriculture Law and the EU renewal of pyraclostrobin—carry far-reaching implications. Disease control pressure was pronounced in citrus during the autumn flush and in autumn vegetables. Both export volume and value fell YoY, leaving the industry under pressure. Below is a review of the month's key developments across six dimensions: market, companies, policy, registration, disease, and trade.
Market
In September 2026, prices of key raw materials for fungicide TCs rose broadly. Of the nine products tracked, seven rose, one edged down, and one held flat, with the average price up 11.77% MoM. The domestic fungicide TC market remained in its traditional off-season. Prices of some basic chemical feedstocks rose on supply contraction and geopolitical factors, strengthening cost support somewhat, but pass-through downstream faced significant resistance, end-user demand stayed weak, and overall trading activity was subdued.
Companies
As of September 2026, performance among ten listed fungicide-related companies showed widening divergence. On 4 September, 2026, Meibang held the fifth meeting of the third board strategy committee and the fourteenth meeting of the third board of directors, approving two external investment proposals.
Policy
On 28 August, 2026, the 24th session of the Standing Committee of the 14th National People's Congress adopted the revised Agriculture Law, effective 1 January, 2027—marking the first time pesticides have been written into China's fundamental agricultural legislation. On 8 September, 2026, the European Commission adopted Implementing Regulation (EU) 2026/1976, formally renewing approval of the fungicidal active substance pyraclostrobin.
Registration
On 31 August, 2026, the Institute for the Control of Agrochemicals under MARA published the ninth batch of proposed pesticide registrations for 2026, including 166 fungicide products—mostly suspension concentrates—with key active ingredients pyraclostrobin, fludioxonil, metalaxyl-M, and azoxystrobin.
Disease
September is critical for citrus autumn shoot growth and fruit enlargement, and a peak period for disease outbreaks. Typhoons and persistent rain caused varying disease pressure across major regions, with canker, anthracnose, and huanglongbing posing the greatest control challenges. On 16 September, the Guangdong Agricultural Pest Early Warning and Control Center forecast autumn vegetable disease pressure, led by downy mildew and powdery mildew, with anthracnose, fusarium wilt, viral diseases, and blight also expected at varying levels.
Trade
In August 2026, China's fungicide formulation exports totaled 24,206.31 tonnes, down 25.40% YoY, with export value falling 22.54% to USD111.97 million, while the average export unit price rose 3.83%.
The USD/CNY exchange rate used is USD1.00=CNY6.7809, sourced from the People's Bank of China on 1 September, 2026.
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