Glyphsoate China Monthly Report 1305 (12 issues per year)

Date: May 20, 2013
Pages: 24
Price:
US$ 6,912.00
License [?]:
Publisher: Guangzhou CCM Information Science & Technology Co., Ltd. (CCM)
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: G69EB03E69DEN
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Glyphsoate China Monthly Report 1305 (12 issues per year)
Editor Notes

Due to the strong overseas demand for glyphosate and high export price, the export volume and value of China’s glyphosate A.I. all achieved a new level in Q1 2013, and the two figures are the highest records in Q1 in the past three years since 2011, showing that glyphosate is still flourishing in Q1 2013. Given that the demand for glyphosate in May is weaker than the past few months of 2013 and glyphosate price decreased slightly in mid-May, will the price of glyphosate continue to go down in late May and early June 2013?

Headline

Zhejiang Wynca announced its 2012 annual report, showing that its total revenue and operating profit in 2012 was about USD980.81 million (RMB6,111.01 million) and USD15.51 million (RMB96.68 million), up by about USD201.9 million (RMB1,258.01 million) and USD25.66 million (RMB159.92 million)over 2011, respectively.

On 3 April 2013, Monsanto issued a report on its operating result in H1 2013 fiscal year (Sept. 2012-Feb. 2013), showing that Monsanto achieved net sales of USD8,411 million in H1 2013 fiscal year, up by about 41% and 17% over H1 2011 fiscal year (Sept. 2010- Feb. 2011) and H1 2012 fiscal year (Sept. 2011- Feb. 2012), respectively.

Nufarm achieved a revenue of USD957.49 million (AUD934.41 million) and an operating profit of USD45.24 million (AUD44.15 million) in H1 2013 fiscal year (1 Aug. 2012–31 Jan. 2013),respectively. Both figures were the highest ones in the same period of the past three fiscal years.

The total A.I. volume (100% glyphosate acid equivalent) of China's exported glyphosate related products in Q1 2013 increased by 74% and 39% over Q1 2011 and Q1 2012, with the total export value up by 145% and 78% over Q1 2011 and Q1 2012, respectively.

Because of the thriving market and rising profitability of glyphosate, Nantong Jiangshan, Zhejiang Wynca and Anhui Huaxing all achieved great operating performance in 2012, and stock EPS of these three companies all achieved very high growth in 2012.

With the enhancing profitability of glyphosate and PMIDA business in Q1 2013, Zhejiang Wynca, Nantong Jiangshan and Anhui Huaxing all turn loss into gain in Q1 2013.

In order to establish key market indicators for China’s rice industry, CCM carried out a survey concerning rice planting in Hunan Province's Changde, Yueyang and Hengyang since Dec. 2012, showing that glyphosate is one of the most important herbicides for weeding in these three districts in 2012.

In Q1 2013, there were only five glyphosate registrations. In April 2013, glyphosate registrations surged in China, reaching 15.

Glyphosate price decreases slightly in May 2013 .

The export volume of glyphosate formulations increases by 47.55% in March 2013.

Zhejiang Wynca achieves great operating performance in 2012

Herbicide business improves Monsanto's operating performance in H1 2013 fiscal year

Nufarm’s operating performance improves in H1 2013 fiscal year

Review of Chinese glyphosate export in Q1 2013

Operating performance comparison among Zhejiang Wynca, Nantong Jiangshan and Anhui Huaxing in 2012

China's three listed glyphosate companies turn loss into gain in Q1 2013

Result of glyphosate use survey for 2012 middle rice planting in Hunan province

Glyphosate registration surges in April 2013

Glyphosate price decreases slightly in May 2013

The export volume of glyphosate formulation increases by 47.55% in March 2013

COMPANIES MENTIONED

Zhejiang Wynca, Nantong Jinagshan, Anhui Huaxing, Monsanto, Nufarm
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