China agrochemical industry weekly(0524)

Bayer: Revenue of 13.765 billion euros( Q1)was in line with expectations

On May 14, 2024, Bayer Group announced its results for the first quarter of 2024 and held a results conference. Bill Anderson, Chief Executive Officer, and Wolfgang Nickl, Chief Financial Officer, attended and reviewed the performance of the Crop Science Division and other key business units in the first quarter of 2024.

A world first! Argentina commercially sells genetically modified wheat HB4 seed HB4 (Drought tolerance + Glufosinate ammonium tolerance)

On May 16, 2024, the Argentine company Bioceres said that it has begun to sell its genetically modified wheat HB4 seeds in the country, which is the first time in the world that genetically modified wheat seeds have been sold.

Chemplast Sanmar (India) has signed a fourth agrochemical contract for intermediate production for a period of 5 years

The Custom Chemicals division of Chemplast India has signed a Letter of intent with a key player in the global agrochemicals sector. Under the agreement, Chemoplast will produce an advanced intermediate for the new active ingredient for a period of five years, with commercial availability expected from 2025.

CNYDA:The approval of Pyraquinate for paddy field is imminent, and the future production capacity is planned to be more than 200 t/a

On May 16, 2024, the company held the company's 2023 annual performance presentation. The company's chairman Wang Xianquan, independent director Yuan Chenglei, Director and general manager Men Liang, and Secretary of the Board of Directors and Chief Financial Officer Jiang Guangtong attended the presentation. The company gave answers to the questions of general concern raised by investors in the performance presentation.

The USITC continues to push for anti-dumping duties on 2,4-D herbicides from China and India

On May 17, the U.S. International Trade Commission (USITC) announced that it had determined that there is reasonable indication that U.S. industry has been significantly harmed by 2,4-D herbicides imported from China and India. The commission noted that these products were sold at below fair value in the US market and were subsidized by the governments of China and India.

Brazil's flood crisis: 1 million tons of soybeans are expected to be lost, and wheat production is down 4.3%

The recent devastating floods in Brazil have had a profound impact on local agriculture. This natural disaster has not only damaged farmland, but could also have a long-term impact on the upcoming crop season.

U.S. agricultural supplies distributor CHS and West Central Ag Services sign merger intent

U.S. agricultural supplies distributor CHS has signed a non-binding letter of intent with Minnesota-based West Central Ag Services, which is proposed to join CHS in an effort to better serve its customers by joining forces. And lay the foundation for future development.

Brazil approves UPL's innovative insecticide Feroce (Acephate + Bifenthrin) for bed bug （Diceraeus melacanthus ）control

Recently, UPL announced that its innovative insecticide Feroce (850 g/kg Acephate + 30 g/kg Bifenthrin) has received new label approval in Brazil for the control of bed bugs (Diceraeus melacanthus).

China:The price of Glufosinate ammonium TK hit a new low in ten years

In May, the pesticide market showed a continued downturn, with the price of Glufosinate ammonium falling particularly sharply. At present, the price of Glufosinate ammonium TK has been as low as 38,000 yuan/ton, only 50% of the same period last year, which is the lowest price in nearly ten years.

Nufarm's triple active ingredient herbicides of Sulfosulfuron, Metsulfuron-methyl and Dicamba are listed in the United States

Recently, Nufarm has announced that its innovative herbicide Southpaw has been officially registered by the US Environmental Protection Agency (EPA). This breakthrough product is designed for warm-season lawns and is designed to control broadleaf weeds, grasses and sedges while ensuring high tolerance.

BASF launches its new natural Pyrethrins insecticidal AE

The core active ingredient Pyrethrin is derived from the natural plant essence extracted from the Pyrethrum Dalmatian. It is one of the least toxic ingredients of existing insecticides. It can be naturally degraded and is friendly to people

With $85 million in funding from Nvidia, Carbon Robotics is leading the agricultural revolution with AI laser weeding technology

According to the survey, weeding is currently the most preferred automated farm task for professional crop growers. For farmers, the biggest problem with weeds is not the weed itself, but how to find enough labor to cope with the tedious work. 

China: The development of green agricultural is the trend, and the future focus is on innovation and quality

 The 2024 Green Production Materials Development Conference hosted by China Green Food Association was recently held in Nanjing.Chen Xiaohua, former Vice Minister of Agriculture, and other experts made a report at the meeting.