Summary:Clearfield's Fluazifop compound, registered in 2024, marks a 40-year milestone in inactivated herbicides. The launch of Flumioxazin addresses a 72% price drop in traditional herbicides and the urgent need for new solutions amidst resistant weeds, which could otherwise cause a 34% drop in global food production. Flumioxazin, as a PPO inhibitor, is well-received and expected to meet the growing market demand, offering hope to the industry.
In recent years, Clearfield has continued to make notable achievements in agricultural technology innovation and application. In September 2024, the patented compound Fluazifop, which was created by Clearfield, was officially registered by the Ministry of Agriculture and Rural Development (MARD). This is the first time in 40 years that a new breakthrough compound has been marketed in the field of inactivated herbicides.
Since 2022, the prices of several traditional inactivated herbicides such as glyphosate, glufosinate, paraquat and diquat have fallen severely, with an average drop of about 72%. These four major herbicides account for 12% of the total global pesticide market capitalization and 25% of all herbicides. Such drastic price fluctuations as well as changes in the supply chain have brought a lot of difficulties to the downstream channel side, and the industry is in urgent need of brand-new created products to repair the channel's confidence and bring hope to the industry. Flumioxazin listed at this moment in addition to the functional value, the emotional value of the same pull full.
In addition is the problem of resistant weeds, according to FAO data, if the resistant weeds are not controlled, may lead to a 34% reduction in global food production, we are in the overseas research personally felt some practical problems, such as Brazilian amaranth, vervain, small fleabane, two-ear grass, etc., affecting the Brazilian 46 million hectares of soybean planted area of at least 25%, the same urgent need for resistant weed solutions. In the face of resistant weeds, in the past 10 to 15 years, the herbicide products with obvious increase in the overseas market, such as metsulfuronmethyl, have developed to about 7,000 tons of demand, propargyl fluroxypyr has increased to an average of 4,000 tons in recent years, as well as phenyl ether sulfoxydimethyl has grown rapidly to about 1,200 tons, and flufenacet thiophanate has grown to about 50 tons in the Australian market in two years, which are all in the category of PPO inhibitors. All these products belong to PPO inhibitor herbicides, and Clearspring's flumioxazin also belongs to this kind of compounds, which has an inherent advantage in market recognition, and the prospect is worth looking forward to.
In the latest information, Qingyuan has recently made remarkable achievements in agricultural science and technology innovation, and its self-developed patented compound flumioxazin was registered in September 2024 by the Ministry of Agriculture and Rural Development. This marks the first time since glufosinate ammonium was marketed in 1984 that a brand new compound has been introduced to the field of inactivated herbicides. The launch of flumioxazin has not only attracted attention for its functional value, but also for the emotional value it brings, which should not be overlooked.
In addition, as a PPO inhibitor, flumioxazin has an inherent advantage in terms of market recognition, and the market demand for PPO inhibitor herbicides such as metsulfuron methyl, propynyl flumioxazin, phenoxsulfuron methyl, and flumetsulfuron methyl has grown significantly in recent years. The rapid growth of these products indicates that there is a strong demand for these compounds in the market. The launch of flufenacet is expected to further fulfill the market demand for PPO inhibitor herbicides and bring new hope to the industry.
The launch of flumioxazin is particularly important in the face of the problem of resistant weeds. According to FAO data, resistant weeds, if left unchecked, could lead to a reduction in global grain production of up to 34%.In areas such as Brazil, resistant weeds have already had a serious impact on soybean acreage. The launch of flumioxazin provides a new solution to the problem of resistant weeds.
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