Overview of Chinese herbicide industry in 2010

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) January 31, 2011 -- In 2010, the Chinese herbicide market has witnessed an overall upward demand. With hard work and sound regulations, there is no doubt that Chinese herbicide industry is going towards brilliant direction. The issue of Pesticide Industry Policy on 19th Sept. 2010 indicates that Chinese pesticide industry has already started innovation. There is a hopeful prospect for the gradually recovering market.

By reviewing Chinese listed agrochemical enterprises' performance in 2010, it's not difficult to realize that most of them has witnessed poor business performance this year. In fact, no mater how the performance is in 2010, almost all Chinese agrochemical enterprises have made great efforts to shake off the gloom resulted from the financial crisis and tried hard to adapt to the intense environment. Getting listed in capital market, integrations among industrial enterprises, relocations into industrial park and investment into upstream or downstream productions, and so forth, are underway continuously in 2010. External conditions for Chinese herbicide are turning better. Currently, the EU has decided not to resume anti-dumping tax against Chinese glyphosate. As for glyphosate manufacturers in China, it's undoubtedly good news.

Aiming to accelerate the industrial reorganization, Chinese government also achieved many effective regulations in 2010, like the abolishment of glyphosate technical export rebate, pricing up some energy such as electricity, natural gas and agricultural products, etc.

Source: CCM International Ltd
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