Reportlinker Adds Crop Protection China News 1110 - Annual Subscription
NEW YORK, June 9, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Crop Protection China News 1110 - Annual Subscription
Recently, some provinces in China have suffered continuous drought, especially Hubei Province with total afflicted farmland amounting to 889,666.67 ha. It is certain that the serious drought will cause huge impact to the production of summer crops (mainly wheat and rape) in Hubei Province, which will face a great reduction in output. According to the bulletin of Hubei Provincial Government, over 26,000 ha. of crops will be fruitless.
Owing to the persistent drought in China, the power shortage is somehow affected as a result of the blocked hydroelectric generation. It is reported that more than six provinces in China have experienced electricity shortage since April 2011 and most of the provinces are located in East China and Central China, including Zhejiang Province, Hunan Province, Jiangsu Province, Jiangxi Province, etc.
However, many large pesticide companies in these provinces facing power shortage express that their production will not be affected by the power shortage too much ascribed to their own power plants.
The most eye-catching event in recent domestic pesticide market may go to the IPO of Zibo Wanchang recently. The company is now faced with delisting as a result of the suicide of the president. Some shareholders of the company's subsidiary are now applying to CSRC for the delisting of Zibo Wanchang. They blamed the President of Zibo Wanchang who had transferred all assets of its subsidiary into Zibo Wanchang for IPO without their permission. Now the event is still under investigation.
Jiangsu Limin's IPO application is denied by CSRC on 16 May 2011.
Aided by local government's subsidies, Nnajing Redsun's Q1 net profit still witnesses descent over the same period of 2010.
Recently, Jiukang Bio-tech launches large-scale field demonstration of toosedarin insecticide in organic agricultural demonstration fields and organic agricultural production bases in Jiangsu Province.
Zibo Wanchang may now face delisting just a few days after its IPO due to internal conflict of interest.
Noposion releases on 26 May 2011 that it will publicly issue a short-term financing bills of USD30.77 million on 1 June 2011.
Zhejiang Wynca announces to further expand its organosilicon capacity with investment of USD33.15 million.
China is about to experience the severest power shortage since 2004 and domestic pesticide industry will be somehow affected.
The continuous drought beginning from last autumn in Hubei has caused huge damage to the province, and the drought hasn't been completely alleviated at present.
The current pesticide market faces two situations, according to the price trend.
Jiangsu Limin's IPO application denied
Nanjing Redsun: Q1 net profit slips despite government support
Jiukang Bio-tech launches toosedarin insecticide field demonstration
Zibo Wanchang may face delisting
Noposion to raise USD30.77 million
Zhejiang Wynca to further expand organosilicon capacity
Power shortage impacts domestic pesticide industry
Hubei suffers disastrous drought
Pesticide prices face two situations in China
Companies mentioned
Jiangsu Limin Chemical Co., Ltd.; Nanjing Redsun Co., Ltd.; Jiukang Bio-tech Development Co., Ltd.; Zibo Wanchang Science & Technology Co., Ltd.; Shenzhen Noposion Agrochemicals Co., Ltd.
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Pesticide Industry: Crop Protection China News 1110 - Annual Subscription
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