In late March 2013, Hebei Veyong Bio-chemical Co., Ltd. (Hebei Veyong), one of the largest production bases of abamectin technical in Asia, successfully acquired the formal registration of azoxystrobin 250g/L SC from the Institute for the Control of Agrochemicals, Ministry of Agriculture (ICAMA), which will greatly contribute to the adjustment of its product structure in the future.
It is particularly worth noting that Hebei Veyong is the first domestic company that had registered azoxystrobin 250g/L SC to prevent and control rice blast with the application dosages of 75-150g/ha in China as of April 2013. It's reported that the company's capacity of azoxystrobin has reached 200t/a at present. In addition, the company has completed the trial production for azoxystrobin 250g/L SC and the final products will be put into market soon.
Zhang Qing, General Manager of Hebei Veyong, said that azoxystrobin is predicted to enjoy a bright market prospect in the future. The application of the product is expected to extend to other crops for the prevention & control of other diseases. Moreover, it may improve the overall sales of Hebei Veyong as hoped because rice is a major grain crop in China.
It is well known that azoxystrobin is the most popular strobilurin fungicide in the world currently. Thanks to its wide application and excellent control effect, azoxystrobin can be used for foliar spray, seed treatment and soil treatment. Its market share is estimated to continue growing all over the world. As more domestic enterprises register and promote azoxystrobin, in the next five years, the output of the product is predicted to increase by 35% annually while the domestic demand for it may go up by about 20% year on year, although it is still export-oriented, reportedly.
About CCM
CCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff of more than 150 dedicated highly-educated professionals, CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis, and consultancy service.
For more information, please visit http://www.cnchemicals.com.
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China
Tel: 86-20-37616606
Email: econtact@cnchemicals.com