China agrochemical industry weekly(0224)

In 2022, the net profit of Kuaida increased by 74.96% year on year

Kuaida disclosed the annual report, the company in 2022 to achieve a revenue of 1.022 billion yuan, a year-on-year growth of 12.39%, net profit attributable to shareholders of listed companies reached 154 million yuan, up 74.96% year on year, 

The development and industrialization of RNA interference biopesticides in Shandong, led by Kqiao, started smoothly

On the morning of February 17th, the launch meeting of Shandong's key R&D project—Development and industrialization of RNA interfered biopesticide, was held in Binzhou Bohai Advanced Technology Research Institute.

Wanwei Chemical. plans to build a project of 1500 tons of Haloxyfop-methyl and 200 tons of Fluazifop-P

On February 21, Chizhou Wanwei Chemical's annual output of 1500 tons of Haloxyfop-methyl, 200 tons of Fluazifop-p project in Chizhou City Ecological Environment Bureau was published

Hebang's 2022 net profit increased by more than 26%

Hebang the annual report, the company in 2022 to achieve a revenue of 13.039 billion yuan, a year-on-year growth of 30.55%; Net profit of 3.807 billion yuan, up 26.12% year on year; Non-net profit was 3.751 billion yuan, up 24.65% year on year.

India will ban Dicofol, Dinocap and Methomyl

On 2 February 2023, India announced that the registration, import, manufacture, transport, sale and use of Dicofol, Dinocap and Methomyl would be completely banned from the date of the final publication of the draft

7 pesticide manufacturing companies and 12 new active ingredients of pesticides have been registered worldwid

In 2022, 12 new pesticide active ingredients from 7 pesticide manufacturers were registered globally, including 3 fungicides, 5 insecticides and 4 herbicides. 

Recent Trends and Opportunities in The Global Agrochemical Market

The agrochemical market reached an estimated $73.4 billion at the ex-manufacturer level (i.e. brand owner to first stage of distribution) in 2021, an increase of 8.0% over 2020 in nominal terms.