AgroPages-Glyphosate export: down by 21.6% YoY to 54,034 tonnes in Feb. 2016-Agricultural news

Related News

By Think Real-According to statistics from Think Real, China exported 54,034 tonnes of glyphosate in Feb. 2016, down by 21.6% YoY. The corresponding value also declined by 36.2% to USD116.6 million.

Accordingly, the export prices of key specifications were down year on year. For instance, the average export price of 95% glyphosate TC was USD2.94/kg, vs. USD3.83/kg in Feb. 2015.

Altogether 157 enterprises were doing glyphosate export business that month, down by 14 YoY. Specifically, Fuhua Tongda Agro-chemical Technology Co., Ltd., Shandong Weifang Rainbow Chemical Co., Ltd., Zhenjiang Jiangnan Chemical Co., Ltd., Nantong Jiangshan Agrochemical& Chemicals Co., Ltd. and Zhejiang Wynca Chemical Group Co., Ltd. topped the list.

The exports were to 90 destinations (vs. 99 in February 2015), including Australia, Argentina, Thailand, Brazil and Ivory Coast. In particular, the exports to the top 10 destinations reached 33,682 tonnes (= 62.3% of the national figure), combined value at USD76.1 million (= 65.3% of the national figure).

Table: Export of glyphosate in China by specification, Feb. 2016

Specification	Volume, tonne
41% IPA	21,787
95% TC	18,533
51% IPA	5,071
62% IPA	3,507
75.7% WSG	3,075
48% IPA	1,452
96% TC	389
88.8% WSG	148
43% AS	64
74.7% WSG	8
Total	54,034

Source: China Customs; Think Real

Table: Top ten exporters of glyphosate in China by volume, Feb. 2016

No.	Exporter
1	Fuhua Tongda Agro-chemical Technology Co., Ltd.
2	Shandong Weifang Rainbow Chemical Co., Ltd.
3	Zhenjiang Jiangnan Chemical Co., Ltd.
4	Nantong Jiangshan Agrochemical & Chemical Co., Ltd.
5	Zhejiang Wynca Chemical Group Co., Ltd.
6	Jiangsu Good Harvest-Weien Agrochemical Co., Ltd.
7	Youth Chemical Co., Ltd.
8	Leshan Fuhua Tongda Trade Co., Ltd.
9	Jiangsu Trustchem Co., Ltd.
10	Zhejiang Jinfanda Bio-Chemical Co., Ltd.

Source: China Customs; Think Real

Table: Top ten export destinations of glyphosate in China by volume, Feb. 2016

No.	Export destination	Export volume, tonne
1	Australia	7,000
2	Argentina	5,800
3	Thailand	5,000
4	Brazil	4,400
5	Cote d'Ivoire	2,400
6	Ghana	2,200
7	United States	2,000
8	Russia	1,900
9	Nigeria	1,800
10	Indonesia	1,300