China agrochemical industry weekly(0607)

 Why is India's biostimulant market booming?

 Indian agriculture has a large amount of land available throughout the year to grow a wide variety of crops, offering huge growth opportunities for premium biostimulants through sustainable increases in crop yields, soil health and farmers' incomes.

FMC: Anthem Flex herbicide containing Pyroxasulfone receives new label approval in the United States

 FMC’s Anthem Flex herbicide has received a label extension approval from the U.S. Environmental Protection Agency (EPA) to impregnate and treat the herbicide for use in cotton. This development provides cotton farmers with a new efficient and flexible weed management solution.

Corteva announced the expansion of strategic cooperation with China National Rice Research Institute

Recently, Corteva announced the expansion of its strategic partnership with CNRRI. The collaboration will focus on enhancing crop protection technologies specifically tailored to Chinese rice farmers to help improve yields, farmer welfare and food security across China.

Xin Yinbang: the Prothioconazole technical was successfully registered in Brazil, and projects such as Saflufenacil are under way

 In May 2024, Shaoxing Shangyu Xin Yinbang Biochemical Co., LTD. (hereinafter referred to as "Xin Yinbang") Prothioconazole was registered in Brazil

Youdao: Chlorantraniliprole technical was approved and registered in Australia and EU

In March 2024, Youdao’s Chlorantraniliprole has successively obtained registration approval from the Australian Pesticide and Veterinary Medicine Authority (APVMA) and the Austrian Health and Food Safety Authority (BAES), and obtained registration in Australia and the European Union.

RedSun has signed a strategic agreement with IHARA to advance the registration process of Diquat dichloride in the Brazilian market

On May 28, RedSun Shares and IHARA held a cooperation signing ceremony in Sorocaba on the registration of RedSun's exclusive patented product Diquat dichloride in Brazil. Marking the unanchoring of RedSun’s Diquat dichloride in the Brazilian market.

The Brazilian market for biological inputs for the 2022-2023 planting season grew by 52%

According to a survey released by market researcher Kynetec at the BioSummit 2024 summit, the bio-input market for the 2022-2023 planting season in Brazil reached $827 million. Kynetec said the result was a 52% increase compared to the $547 million for the previous 2021-2022 planting season.

UPL's new herbicide IronGate™ (Flucarbazone-sodium + Pyroxsulam) was introduced in the United States

Recently, UPL announced that its new herbicide IronGate™ has been registered by the US Environmental Protection Agency.

Myanmar plans to import 1.6 million tons of fertilizer in 2024-2025

 To boost agricultural productivity and meet the needs of the agricultural sector, Myanmar's Urea Fertilizer Procurement and Distribution Steering Committee has outlined plans to import up to 1.6 million tons of fertilizer in fiscal year 2024-2025. This goal underscores the country's commitment to increasing agricultural production and ensuring food security for the population.

Chemical production in the 27 EU countries has continued to recover, and the market recovery is still cautious

Entering 2024, the chemical production of the 27 EU countries exceeded the same period in 2023 for two consecutive months, showing a warming trend.

The Netherlands develops a new plant-derived insect-trapping adhesive

Drosera rotundifolia has a delicate appearance and leaves covered with glandular hairs, which are covered with mucus and can feed on insects. Wageningen University and Leiden University in the Netherlands have teamed up to develop an innovative insect catcher.

Following Bayer, BASF submitted an application to the U.S. EPA for the registration of the herbicide Dicamba

According to a notice published in the Federal Register on June 4, BASF is seeking EPA approval for its wheatgrass herbicide product Engenia for use on soybean and cotton crops. The EPA has begun accepting public comments on proposed labeling of Engenia products for 30 days. 

Syngenta's strategic shift in Brazil: closing 10 stores in the South and increasing investment in the Midwest

Recently, Syngenta revealed that it will close about 10 stores in the Brazilian states of Parana and Rio Grande do Sul. The company said the move to close Atua Agro-branded stores was to improve efficiency in key areas such as logistics. The decision was made against the backdrop of industry challenges and climate disasters in Rio Grande do Sul since the brand's inception in 2019.