Herbicides China Monthly Report

In April, the peak season demand cycle characteristic of herbicides was evident, with rigid support for inquiries and purchases, and product trends diverged, with low-priced dual-grass products under continuous cost pressure; frequent tariff news had a limited impact on overseas TC inquiries, domestic trade stocking was fully initiated, and overall market confidence was gradually restored amidst the game, with the average TC ex-works price increasing by 0.77% MoM. In April, the prices of most herbicide raw materials rose; the prices of chlor-alkali industrial products fluctuated, and the prices of most organic chemical raw materials increased.

Company dynamics: On 10 April, 2025, KingAgroot CropScience's EI report for the 1,000 t/a fluchloridone project was publicised. The project, with a total investment of USD1.39 million (RMB10.00 million), is set to start construction in June 2025 and finish in March 2026. On 22 April, 2025, EI report of Gansu Binong's 1,200 t/a tembotrione TC pilot project was publicly disclosed. The total investment of the project is USD6.97 million (RMB500.00 million) (with environmental protection accounting for 12%), and the expected annual sales revenue is USD58.52 million (RMB420.00 million), with profits amounting to USD8.78 million (RMB63.00 million). In April 2024, 7 listed companies in the herbicide industry successively released their performance reports for the year 2024.

Policy: On 2 April, 2025, the Department of Agriculture and Rural Affairs of Hubei Province issued the "Hubei Province Scientific Weed Control Technology Plan for Farmland in 2025", emphasizing integrated control, early and small-scale treatment, and scientific efficiency enhancement. By combining non-chemical and chemical weed control technologies, it aims to increase the per unit yield of crops and reduce the use of chemical pesticides.

Registration: On 27 March, 134 herbicides was announced to be approved for pesticide product registration. Glufosinate-P leads in the number of product registrations, with 10 single formulations, 1 TC and 1 mixed formulation.

Trade analysis: From Jan. to March 2025, China's cumulative export volume of herbicide formulations increased by about 7.1% YoY, while the total export value increased by 0.32% YoY. In March, the export volume and value increased by 10.67% YoY and 3.33% YoY, respectively.