On July 21, 2011, the Legislative Affairs Office of China State Council released a draft for seeking opinions on Regulations on Pesticide Management, with the purpose to further regulate domestic pesticide industry and ensure domestic food security.
Two big changes in the draft include (1) Cancel the temporary registration of pesticides and further standardize the processes of pesticide registration;
If the government releases the above two regulations, the cost of pesticide registration and pesticide dealing will be largely increased. That means small pesticide players in China may face great challenges in future company operation which would provide good chances for the integration of domestic pesticide industry.
The two big changes in the draft will largely impact current pesticide market in the future. Although the implementation may encounter a lot of difficulties, combining with implementation with China Pesticide Industry Policy, domestic pesticide industry will enter a new era in the future.
More news about the industrial trend, company dynamics, market price, and future forecast will be shared in Crop Protection China News.
You may find more in the latest issue of Crop Protection China News:
-On July 21, 2011, the Legislative Affairs Office of China State Council releases a draft for seeking opinions on Regulations on Pesticide Management.
-On July 26, 2011 China releases 12th Five-Year Plan for Pesticide Industry which has stimulated the boost of pesticide stocks against market trend.
-China newly approved 861 pesticide production licenses in H1 2011.
-China cotton price has experienced continuous descent for four months since March 2011, nearly hitting the minimum purchase price set by the government.
-Overcapacity, raw material price hike, RMB appreciation continue bothered domestic glyphosate players in H1 2011.
-Export of domestic imidacloprid technical witnessed huge increase in the first five months of 2011 compared with the same period of 2010.
-Anhui Huilong intends to purchase 51% equities of Huangshan Xinan which indicates its expansion road unveils after its IPO.
-NATESC predicts pests and diseases of mid and late rice will be more serious than that of 2010.
-Ministry of Agriculture aims to promote the professional control on pests in the whole country.
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