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Agrow Agrow Agribusiness intelligence Top 20 2019 Includes Crop Science Awards 2019: Shortlist and Curtain Raiser

Top 20 2019...2 / Top 20 2019 All of the top 20 agrochemical companies recorded higher sales in dollars in 2018, with only Sumitomo Chemical dipping in reporting currency terms. The

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Page 1: Top 20 2019...2 / Top 20 2019 All of the top 20 agrochemical companies recorded higher sales in dollars in 2018, with only Sumitomo Chemical dipping in reporting currency terms. The

AgrowAgrowAgribusiness intelligence

Top 20 2019

Includes Crop Science Awards 2019: Shortlist and Curtain Raiser

Page 2: Top 20 2019...2 / Top 20 2019 All of the top 20 agrochemical companies recorded higher sales in dollars in 2018, with only Sumitomo Chemical dipping in reporting currency terms. The

Wyncalli:fi The Leading Manufacturer in China

Glyphosate, Carbendazim and Diuron AGR W AWARDS W I N N f � S

Top 20 Global Agrochemical Companies

Welcome to Our AgroChemEx 2019 Booth (1 A 17)

Committed to become a global leader in the fields of silicon- . terials a·-. crop protectio.n, __,

• HERBIODE ��J

Glyphosate Glyphosate lsopropyiamine Satt Glyphosate Ammonium Satt Glyphosate Potas..'lium Salt Gfypoosate Dlmethylarnine Salt Glyphosate+Dicamba Glyphosate+2,4-D Glyphosate+MCP,?, Glyphosate+Glufosinate Glyphosate+Oxyfluorfen Diuron Quindorac

2,4-D Glufosinale-arrmonium Paraquat

Nio:lsulluron Clelhodim Oxyfluorfen Metolach!or

Dicamba lsoproturon

• [NSECTICDE �giJlj

Chlo rifos Chlorpyrifos + Acetamlprid Chlorpyrifos + Cypermethrin

IITli'.laclopoo -

Acetamipnd Buprofezin Lambda Cyhalothrin Abamectln Emamectin Benzoate Spirodiclofen

Thiamethoxam Methomyl Carbary!

TC TC. SL. SG TC, SL, SG TC, SL, SG TC, SL. SG SG SG, SL SL SL WG TC, WP, WG, SC TC. SC, SG, WP, WG TC, SL

___If,_§_L __ TK. SG WG, WP, SC TC, WG EC EC TK, EC TC TC EC

TC, EC

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EW TC. FS, WP EC TC

EC EC

TC. EC SC TC. WG TC,EC,SP TC,WP

HEADQUARTERS OF WYNCA:

ZHEJIANG XINAN CHEMICAL INDUSTRIAL GROUP CO.,L TD. Add.: Xinanjiang,Jiande,Zhejiang,P.R.China P.C .311600 Fax., 0086-571-87220464 Http: //www.wynca.com Email: [email protected]

• FUNGl□DE �lffllJ

Carbendazim Thiophanate-melhyl + Myclobutanil �OX¥_Slr�tlin Fosethyl-AI Tebuconazole Mancozeb Chlorollialonil Pyracloslrobin Cyproconazole Prothloconawle

• CHEMICAL PRODUCT �Iifa

General Chemical Product

3,4-Dichloroanlllne 1-Chloro-2-nitrobenzene O-Phenylenediamfne 3,4-dlchlorophenyl Isocyanate Sodium pyrophosphate 3,4,4'-trichlorocaroanilide O-O-0imelhyl Phosphite Ptiosphorus T richloride Phosphorus Oxychloride Sodium tripolyphosphate Methyl cl1loride

Flame Retardant

Tri(2-Chloropropyl)Phosphate (TCPP) Tri(2-chtoroethyl)phosphate(TCEP) lsopropy'late Triphenyl Phosphate (IPPP)

Agrochemical Adjuvants

Agricultural organosilicon adjuvants

TC, SC, WG, WP

TC, SC, WP WP

TC, SC - --- -------

TC, WG TC, EW WP

sc EC

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MARKETING SUBSIDIARY OF WYNCA:

ZHEJIANG WYNCA IMPORT & EXPORT CO.,LTD. Add.: Room 1504,15/f Building1, Gemini Central International, No.1785 Jianghan Road, Binjiang District, Hangzhou. Zhejiang, China P.C.310052

Page 3: Top 20 2019...2 / Top 20 2019 All of the top 20 agrochemical companies recorded higher sales in dollars in 2018, with only Sumitomo Chemical dipping in reporting currency terms. The

Top 20 2019 / 1www.agrow.com

02 Top 20 companies grow in 2018

05 Bayer pro forma agchem sales down 5% in Q2

11 Syngenta crop protection sales down 6% in first half

17 BASF ag solutions sales up 20% in second quarter

19 Corteva agchem sales flat in Q2

23 FMC sales up 4.5% in second quarter

24 UPL first-quarter sales up 7%

29 Adama agchems down 5% in Q2

32 Crop Science Awards 2019 – Shortlist

34 Crop Science Awards 2019 – Curtain Raiser

48 Sumitomo agchem sales dip in 2018/19

49 ISK agchem sales down 7% in 2018/19

50 Nissan agchem sales down 10% in Q1

50 Isagro agchems fall 10% in second quarter

51 Amvac’s agchem sales up 2% in Q2

53 MBI sales up 22% in Q2

54 Low-risk ais in the EU: Slow but sure progress

Contents

Agribusiness Intelligence | IHS Markit | Ropemaker Place | 25 Ropemaker Street | London EC2Y 9LY | UK Reception: +44(0) 207 260 2000AgrowAgrow

Agribusiness intelligence

Marketing Enquiries Email: [email protected]

Agribusiness Intelligence Client Services Team EMEA: +44 20 7017 6242 (9am-5pm BST) APAC: +61 287 056 966 (9am-5pm AEST) NORTH AMERICA and LATAM: +1 21 26 52 53 22 (9am-5pm EDT) Email: [email protected]

www.agrow.com

Disclaimer: Within this issue some advertisements may contain references to active ingredients still under patent protection in certain countries. Where this occurs, such advertisements are deemed inapplicable to those countries.

© IHS Markit 2019

Editor-in-Chief Sanjiv Rana (Europe/Asia) Email: [email protected]

Deputy Editor Andy Beer (North America/Australia) Email: [email protected]

Editorial Writer Robert Birkett (Latin America) Email: [email protected]

Editorial Writer JR Pegg (United States) Email: [email protected]

Contributor Dr Jackie Bird (EU Affairs) Email: [email protected]

Correspondent Dr Shuyou Han (China) Email: [email protected]

Advertising Sales Ben Watkins Tel: +44 20 3377 3911 Email: [email protected]

Advertising Sales (China) Lihong (Lily) Lai Email: [email protected]

AgrowAgrowAgribusiness intelligence

Page 4: Top 20 2019...2 / Top 20 2019 All of the top 20 agrochemical companies recorded higher sales in dollars in 2018, with only Sumitomo Chemical dipping in reporting currency terms. The

2 www.agrow.com / Top 20 2019

All of the top 20 agrochemical companies recorded higher sales in dollars in 2018, with only Sumitomo Chemical dipping in reporting currency terms. The biggest mover was FMC with a nearly 70% increase in revenues due to the acquisition of substantial crop protection assets from Corteva Agriscience legacy company DuPont. FMC became a pure play agrochemical business during the year and joined the elite top five R&D-based multinationals. Pro forma sales were up by 11%.

ChemChina’s subsidiary, Syngenta, remained the largest business but sales were not precisely comparable with Bayer’s due to the exclusion of seed treatments from the latter’s crop protection sales figure. Syngenta posted a 7.2% rise in crop protection sales to $9.9 billion. The company saw gains for all product categories, with a double-digit percentage gain for its insecticide business.

The acquisition of Monsanto boosted Bayer’s Crop Science division’s crop protection (excluding seed treatments) sales by around 26% in euros and dollars.

Sales were flat on a pro forma basis, as if the acquisition of Monsanto and the divestment of business to BASF had taken place on January 1st 2017.

BASF’s agrochemical sales grew by about 3% in euros and dollars. The Functional Crop Care division, comprising seed treatments and biological products, led growth with a 52% rise.

A reconciliation of DowDuPont’s agriculture division sales to those of Corteva pointed to a 4.2% rise in pro forma crop protection revenues to $6.4 billion.

ChemChina subsidiary Adama posted an 11% increase in agrochemical sales. The company saw gains in all regions, with a 25% increase in total revenues (including non-agrochemical products) in Latin America.

The acquisition of Arysta LifeScience by UPL boosted the Indian company’s agrochemical revenues by a quarter in rupees and by 19% in dollar terms. Legacy business (including seed) sales were up by 14% in rupees. There was growth in all

Top 20 companies grow in 2018

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Top 20 2019 / 3www.agrow.com

regions, with sales in Latin America up by a quarter.

Sumitomo’s agrochemicals sales slipped by 0.2% in yen terms but were up by 2% in dollars. Sales were held back by adverse weather conditions in North America and adverse exchange rates for the Brazilian real and the Indian rupee.

Growth in all regions except Australia/New Zealand boosted Nufarm’s agrochemical sales by 6% in Australian dollars and 4% in US dollars. The acquisition of a range of products from FMC and the ChemChina subsidiaries, Syngenta and Adama, contributed to revenues.

Companies below the top nine have agrochemical sales more than $1 billion less than those above. Eight of them were Chinese companies of which five posted double-digit increases last year. Zheijang Wynca Chemical returned to the top 20 with growth of more than 40% while Lier Chemical made it into the ranking with a 30% gain. Nanjing Red Sun and Yangnong Chemical each posted increases of about 20% while Leshan Fuhua Tongda Agro Chemical Technology saw a 10% rise. Beijing Nutrichem, Shandong Weifang Rainbow and Liangyungan Liben Crop Science and Technology recorded single-digit gains.

The only Japanese companies in the lower half of the ranking were again Kumiai Chemical and Nissan Chemical. Both recorded double-digit gains in dollars, with Kumiai ahead by 27%.

Italy-based Sipcam retained its place in the ranking with a 2% euro or 3% dollar-based increase.

Agrochemical sales1 of the leading companies2018 (2017) Company $ million2 Reported % % ranking currency change change million $ reported

1 (1) Syngenta3,4 9,909 $9,909 +7.2 +7.2 (9,244) ($9,244)

2 (2) Bayer Crop Science5 9,641 €8,163 +26.5 +26.1 (7,622) (€6,476)

3 (3) BASF6 6,916 €5,856 +3.2 +2.8 (6,704) (€5,696)

4 (4) Corteva Agriscience7 6,445 6,445 +4.2 +4.2 (6,184) (6,184)

5 (7) FMC 4,285 $4,285 +69.3 +69.3 (2,531) ($2,531)

6 (6) Adama3 3,617 $3,617 +11.0 +11.0 (3,259) ($3,259)

7 (9) UPL8,9 2,741 Rs 187,770 +19.4 +25.1 (2,296) (Rs 150,060)

8 (8) Sumitomo Chemical8 2,538 ¥278,90 9 +2.0 -0.2 (2,487) (¥279,484)

9 (10) Nufarm10 2,332 Aus$3,122 +4.4 +6.1 (2,234) (Aus$2,943)

10 (12) Beijing Nutrichem 937 Yuan 6,190 +1.4 +1.1 (923) (Yuan 6,122)

11 (14) Nanjing Red Sun11 890 Yuan 5,883 +20.5 +20.1 (739) (Yuan 4,898)

12 (15) Kumiai Chemical12 881 ¥96,846 +27.3 +24.5 (693) (¥77,817)

13 (13) Shandong Weifang Rainbow 809 Yuan 5,344 +3.6 +3.3 (780) (Yuan 5,174)

14 (17) Yangnong Chemical11 787 Yuan 5,202 +19.6 +19.2 (658) (Yuan 4,364)

15 (16) Leshan Fuhua Tongda Agro- 721 Yuan 4,763 +10.7 +10.3 Chemical Technology (651) (Yuan 4,318)

16 (-) Zheijang Wynca Chemical 665 Yuan 4,393 +46.0 +45.5 (455) (Yuan 3,019)

17 (-) Lier Chemical 605 Yuan 4,001 +30.3 +29.9 (465) (Yuan 3,081)

18 (19) Nissan Chemical8,13 571 ¥62,724 +10.3 +7.9 (517) (¥58,138)

19 (-) Lianyungang Liben Crop 561 Yuan 3,705 +4.2 +3.9 Science and Technology (538) (Yuan 3,567)

20 (18) Sipcam-Oxon 544 €461 +2.6 +2.2 (531) (€451) 1 unless otherwise stated; 2 converted using average annual exchange rates for 2018 and 2017; 3 owned by ChemChina; 4 excludes turf, landscape & professional product sales of $504 million in 2018 and $495 million in 2017, and seed and trait sales of some $3,004 million in 2018 and $2,826 million in 2017; 5 2017 figure restated – excludes undisclosed seed treatment sales and environmental science sales of €732 million in 2018 and €671 million in 2017; 6 excludes seed and trait sales of €300 million in 2018; 7 2017 pro forma results as if DuPont and Dow Chemical merged on January 1st 2016 - excludes seed and trait sales of $7,842 million in 2018 and $8,056 million in 201; 8 year ended March 31st 2018/19; 9 excludes seed and chemical sales of Rs 30,600 million in 2018 and Rs 23,720 million in 2017; 10 year ended July 31st 2017/18 – excludes seed technology sales of Aus$186 million in 2018 and Aus$169 million in 2017; 11 2017 figure restated; 12 year ended October 31st 2017/18; 13 includes undisclosed veterinary product sales.

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Bayer’s Crop Science division’s pro forma crop protection sales fell by 5.1% to €2,367 million ($2,670 million at the current rate) in the second quarter of 2019, while reported sales increased by 15.5% to €2,386 million ($2,692 million). Those results do not include revenues from seed treatments, which are posted within “other” business along with rice and oilseed rape products.

Bayer pro forma agchem sales down 5% in Q2

Bayer’s pro forma crop protection sales by category (€ million)1st half ended June 30th 2018 % change 2019 ($ million)1 ($ million)1

Herbicides 2,757 (3,111) -3.4 2,663 (3,004)

Fungicides 1,437 (1,621) -5.6 1,357 (1,531)

Insecticides 627 (707) +15.5 724 (817)

Total2 4,821 (5,439) -1.6 4,744 (5,352)

Second qtr

Herbicides 1,454 (1,640) -9.2 1,319 (1,488)

Fungicides 710 (801) -7.2 659 (743)

Insecticides 329 (371) +18.2 389 (439)

Total2 2,493 (2,813) -5.1 2,367 (2,670)1 at the current rate; 2 does not include seed treatment sales.

The pro forma figures present changes as if the Monsanto acquisition in June 2018 and the divestments to BASF had taken place on January 1st 2018.

Pro forma herbicide and fungicide sales fell. The former fell by 9.2% to €1,319 million and the latter by 7.2% to €659 million. Insecticides bucked the trend, registering an 18.2% rise to €389 million. On a

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6 www.agrow.com / Top 20 2019

portfolio- and currency-adjusted basis, herbicides were down by 11.4%, fungicides by 7.4%, while insecticides were up by 17.1%.

On a reported basis, herbicides rose by 30.1% €1,337 million, but dipped 1.5% on a portfolio and currency-adjusted basis. Fungicides fell by 6.8% (-7.3%) to €661 million, while insecticides rose by 17.9% (+16.3%) to €388 million.

First half crop protectionPro forma herbicide and fungicide sales also fell for the first six months, the former by 3.4% (-5.1%) to €2,663 million and the latter by 5.6% (-5.9%) to €1,357 million. Insecticides almost made up the gap, rising by 15.5% (+14.6%) to €724 million.

But first-half reported sales show a more generous picture. Herbicides rose by almost half or 48.2% (+3.5%) to €2,710 million, and insecticides by 15.3% (+14.5%) to €724 million. Fungicides slid by 5.5% (-6%) to €1,358 million.

The Monsanto acquisition has propelled Bayer into becoming the world’s major seed company, which is underlined by reported growth of several multiples on some businesses.

Second quarter seedSecond-quarter seed and trait sales fell on a pro forma basis by 12.1% to €1,601 million. On a reported basis, sales were up almost four-fold to €1,600 million.

Pro forma sales of maize seed and traits were 2% down at €941 million. For soybeans, pro forma business slid 29.7% to €482 million, while the vegetable seed business was up 1.7% at €178 million. New business boosted reported revenues

for maize and soybeans, while reported sales for vegetable seeds rose by 39%.

The non-crop pesticide Environmental Science business rose by 1.4% on a pro forma basis to €287 million. They were up by 56.3% on a reported basis to €286 million. Pro-forma sales of other products including seed treatments and other seeds rose by 12% to €1,085 million, and by 46.2% to €516 million on a reported basis.

First half seedFirst-half seed and trait sales fell on a pro forma basis fell by 3.9% to €4,746 million. On a reported basis, sales were up over seven-fold.

Pro forma sales of maize seed and traits were up 2.5% at €3,315 million. For soybeans, pro forma business slid 19.7% to €1,085 million, while the vegetable seed

Bayer’s reported crop protection sales by category (€ million)1st half ended June 30th 2018 % change 2019 ($ million)1 ($ million)1

Herbicides 1,828 (2,062) +48.2 2,710 (3,058)

Fungicides 1,437 (1,621) -5.5 1,358 (1,532)

Insecticides 628 (709) +15.3 724 (817)

Total2 3,893 (4,392) +23.1 4,792 (5,406)

Second qtr

Herbicides 1,028 (1,160) +30.1 1,337 (1,508)

Fungicides 709 (800) -6.8 661 (746)

Insecticides 329 (371) +17.9 388 (438)

Total2 2,066 (2,331) +15.5 2,386 (2,692)1 at the current rate; 2 does not include seed treatment sales.

business lost 1.4% at €346 million. The Monsanto legacy business boosted reported sales of maize and soybeans, while reported sales for vegetables seeds rose by 27.2%.

Environmental Science business rose by 2.6% on a pro forma basis to €535 million. Sales were up by 81.1% on a reported basis to €538 million. Pro forma sales of other products including seed treatments and other seeds inched up to €501 million, and rose by 12% to €1,156 million on a reported basis.

The new businesses swelled reported sales for seeds and traits.

Crop ScienceThe Crop Science division posted a 59% reported sales increase to €4,788 million in the second quarter. That was largely due to a positive portfolio effect of 61% on the

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8 www.agrow.com / Top 20 2019

Seed, seed treatment and non-crop pesticide reported sales (€ million)1st half ended June 30th 2018 % change 2019

($ million)1 ($ million)1

Maize seed and trait 172 (194) +1,827.3 3,315 (3,740)

Soybean seed and trait 206 (232) +426.7 1,085 (1,224)

Vegetable seed 272 (307) +27.2 346 (390)

Total Seed2 650 (733) +630.2 4,746 (5,355)

Environmental Science 297 (335) +81.1 538 (607)

Other3 1,032 (1,164) +12.0 1,156 (1,304)

Second qtr

Maize seed and trait 134 (151) +602.2 941 (1,062)

Soybean seed and trait 147 (166) +227.2 481 (543)

Vegetable seed 128 (144) +39.1 178 (201)

Total Seed2 409 (461) +291.2 1,600 (1,805)

Environmental Science 183 (206) +56.3 286 (323)

Other3 353 (398) +46.2 516 (582)1 at the current rate; 2 does not include oilseed rape seed businesses; 3 includes seed treatments as well as oilseed rape seed businesses.

Seed, seed treatment and non-crop pesticide pro forma sales (€ million)1st half ended June 30th 2018 % change 2019

($ million)1 ($ million)1

Maize seed and trait 3,235 (3,650) +2.5 3,315 (3,740)

Soybean seed and trait 1,352 (1,525) -19.7 1,085 (1,224)

Vegetable seed 351 (396) -1.4 346 (390)

Total Seed2 4,938 (5,571) -3.9 4,746 (5,355)

Environmental Science 521 (588) +2.6 535 (604)

Other3 961 (1,084) +12.9 1,085 (1,224)

Second qtr

Maize seed and trait 961 (1,084) -2.1 941 (1,062)

Soybean seed and trait 686 (774) -29.7 482 (544)

Vegetable seed 175 (197) +1.7 178 (201)

Total Seed2 1,822 (2,056) -12.1 1,601 (1,806)

Environmental Science 283 (319) +319.3 287 (324)

Other3 497 (561) +0.8 501 (565)1 at the current rate; 2 does not include oilseed rape seed businesses; 3 includes seed treatments as well as oilseed rape seed businesses.

acquisition of Monsanto of some €2,320 million less the pro-rated contribution from the divested businesses in the prior-year period (€484 million). Pro forma sales were down by 6.6% at €4,758 million.

The business was significantly impacted by extreme weather conditions in the second quarter, Bayer notes. In particular, there was flooding and heavy rains in the US Mid-West along with drought in large parts of Europe and in Canada. The company also cites suffering blows from the US-China trade dispute.

Sales were down by 3.1% after adjusting for currency and portfolio effects, with the acquired business only affecting the period from June 7th to June 30th.

Volumes were down 3.4%, while prices inched 0.3% higher and currency movements were favourable by 1.1%. For the six months, volumes added 0.1%, prices 1% and currency effects 0.7%. The portfolio changes added an 89.5% boost to business.

Quarterly earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 66.9% before special items to €1,075 million. After special items, EBITDA added 165.4% to €974 million. The margin before special items rose from 21.4% to 22.5%. EBIT before special items fell by 5% to €405 million. It doubled after special items to €304 million.

Divisional sales for the first half jumped by 91% (+1.1%) to €11,232 million. On a pro forma basis, sales fell by 1.2% (-4.6%) to €11,112 million.

For the six months, EBITDA doubled (+101.5%) before special items to €3,397 million. After special items, EBITDA almost doubled (+98.7%) to €2,678 million. The margin before special items rose from 28.7% to 30.2%. EBIT before special items was ups by 46.2% to €2,019 million. After special items, it climbed by 24.9% to €1,300 million.

RegionsDivisional sales in North America more than doubled (up by 120%) to €2,397 million. That included a portfolio effect of €1,438 million. After portfolio and other effects, sales declined 13.5% largely due to weather, the company says.

Sales in the Europe /Middle East/Africa business region rose by 11% on a

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currency-adjusted basis to €1,092 million. That included a €126 million portfolio effect. Adjusted for currency and portfolio effects, business declined by 1.8%.

Sales in Latin America were boosted by a €241 million portfolio effect, advancing by

Bayer Crop Science division results (€ million)1st half ended June 30th 2018 % change 2019 ($ million)1 ($ million)1

Total sales 5,872 (6,625) +91.3 11,232 (12,672)

Pro forma sales 11,243 (12,685) -1.2 11,112 (12,537)

EBITDA 1,348 (1,521) +98.7 2,678 (3,021)

EBIT 1,041 (1,174) +24.9 1,300 (1,467)

Second qtr

Total sales 3,011 (3,397) +59.0 4,788 (5,402)

Pro forma sales 5,095 (5,748) -6.6 4,758 (5,368)

EBITDA 367 (414) +165.4 974 (1,099)

EBIT 149 (168) +104.0 304 (343)1 at the current rate; 2 earnings before interest, tax, depreciation and amortisation; 3 earnings before interest and tax.

72.4% on a currency-adjusted basis to €766 million. Adjusted for currency and portfolio effects, sales rose by 17.7%, largely from crop protection volume rises in Brazil.

Sales in the Asia Pacific region increased by 4.2% on a currency-adjusted basis to €533

million. The portfolio effect was €30 million. Adjusted for currency and portfolio effects, business was 1.7% down.

As of July 11th, the company reports that some 18,400 plaintiffs had filed lawsuits in the US claiming to have been exposed to glyphosate herbicide-based products from legacy company Monsanto. The company has lost the first three cases with multimillion-dollar penalties. The issue has weighed heavily on the group’s share price which had fallen by 40% since the first reversal in August last year.

SCC Scientific Consulting Company Chemisch-Wissenschaftliche Beratung GmbH Am Grenzgraben 11 55545 Bad Kreuznach [email protected] www.scc-gmbh.de

Take the trusted route to internationalbiorational marketsAll-round regulatory and scientific support for your biorationals:

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Syngenta’s crop protection sales decreased by 5.5% to $4,987 million in the first half of 2019 compared with the same period during the previous year. “The first half of this year saw many challenges for agriculture, including historic flooding in the US that resulted in significantly late planting and severe droughts in Australia and Indonesia,” says chief executive officer Erik Fyrwald.

Including revenues from the “professional solutions” business, which comprises turf and landscape and professional pest management products, revenues were down by 5.9% (-1% at constant exchange rates) to $5,206 million. Adjusted for divestments, sales were 5% (flat at CER).

Syngenta crop protection sales down 6% in first half

Syngenta’s sales by business segment ($ million)1st half ended June 30th 2018 % change 2019

Crop protection 5,280 -5.5 4,987

Seed & traits 1,751 -9.0 1,594

Professional solutions 252 -13.1 219

Inter-business elimination -34 -34

Total 7,249 -6.7 6,766

EBITDA1 1,709 -14.5 1,4611 earnings before interest, tax, depreciation and amortisation.

In March 2018, Syngenta, along with ChemChina’s other subsidiary, Adama, divested a portfolio of crop protection products to Nufarm for a total agreed transaction value of $490 million, of which Syngenta’s share was $95 million.

Seed and trait sales declined by 9% (-4%) to $1,594 million. Adjusting for divestments, sales were down by 8% (-3%).

Total sales for the first half, including crop protection, professional solutions and seeds, fell by 6.7% to $6,766 million. Earnings before interest, tax, depreciation and amortisation (EBITDA) dropped by 14.5% to $1,461 million. The earnings decline reflected the difficult weather

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www.agrow.com

Syngenta’s crop protection sales by category ($ million)1st half ended June 30th 2018 % change 2019

Herbicides 2,124 -10.1 1,910

Selective 1,716 -13.0 1,493

Non-selective 408 +2.2 417

Fungicides 1,730 -4.0 1,661

Insecticides 901 -0.6 896

Seedcare 459 -0.2 458

Other 66 -6.1 62

Total 5,280 -5.5 4,987

Syngenta’s crop protection and professional solutions sales by region ($ million)1st half ended June 30th 2018 % change 2019

Europe, Middle East & Africa 1,941 -8.8 1,770

North America 1,636 -14.4 1,401

Latin America 870 +19.0 1,035

Asia Pacific 700 -10.1 629

China 191 +3.7 198

Other 194 -10.8 173

Total 5,532 -5.9 5,206

Syngenta’s seed and trait sales by category ($ million)1st half ended June 30th 2018 % change 2019

Maize and soybean 852 -11.4 755

Diverse field crops 430 -7.7 397

Vegetables 346 -7.8 319

Flowers 123 0.0 123

Total 1,751 -9.0 1,594

12

conditions in the US and increased raw material costs in China, the company says. The EBITDA margin decreased by 2 percentage points to 21.6%.

Product category salesHerbicides remained the company’s largest category, accounting for 38.3% of first- half crop protection revenues. Sales were down by 10.1% to $1,910 million. Sales of selective herbicides declined by 13% (-9% at CER) to $1,493 million. Non-selective herbicides was the only category that grew, with revenues up by 2.2% (+9%) to $417 million.

Fungicides made up a third of crop protection sales. The category decreased by 4% (+1%) to $1,661 million.

Insecticides dipped by 0.6% (+6%) to $896 million. Seedcare (seed treatment business) was flat (+7%) at $458 million.

Regional salesEurope, Africa and the Middle East (EAME) was the company’s largest region, accounting for 34% of six-month crop protection and professional solutions sales. Revenues declined by 8.8% (-1%) to $1,770 million. A strong early season in the north with increased cereals demand in crop protection gave way to weakness in the second quarter, Syngenta says.

North America made up over a quarter (26.9%) of six-month crop protection and professional solutions revenues, which declined by 14.4% to $1,401 million. The company highlights two new product introductions during the first half: the herbicide, Tavium Plus VaporGrip Technology (dicamba + S-metolachlor), for use in soybeans and cotton; and the fungicidal seed treatment, Vayantis (Nippon Soda’s picarbutrazox), for the

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合力科技股份有限公司Maxunitech Inc.

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Top 20 2019 / 15www.agrow.com

control of Pythium spp and Phytophthora spp in a variety of crops.

Strong volume growth in Latin America led to first-half revenues rising by 19% (+28%) to $1,035 million. The volume growth offset the impact of weaker currencies in the region.

In Asia Pacific, sales were down by 10.1% (-6%) to $629 million, driven by drought in Australia and Indonesia and difficult market conditions in Vietnam.

China experienced growth with revenues rising by 3.7% (+11%) to $198 million, assisted by successful in-licensing.

Within seed and traits, maize was the dominant product, accounting for 47.4% of sales. Revenues, however, were down by 11.4% (-9%) to $755 million.

Diverse field crops came in next, with sales decreasing by 7.7% (-1%) to $397 million.

Syngenta’s seed and trait sales by region ($ million)1st half ended June 30th 2018 % change 2019

Europe, Middle East & Africa 720 -8.9 656

North America 609 -29.9 427

Latin America 144 -0.7 143

Asia Pacific including China 148 +10.1 163

Other 7 +1,071.4 82

Flowers 123 0.0 123

Total 1,751 -9.0 1,594

Vegetable seed sales fell by 7.8% whereas flowers were flat.

Europe, Africa and the Middle East was the company’s largest region for seed sales, accounting for 41.2% of revenues. Sales in the region fell by 8.9% (-1%) to $656 million. Growth was offset by challenging market and credit conditions in the east. Reported sales also reflected unfavourable currency impact.

In North America, extreme weather conditions severely delaying planting and reducing acreage led to revenues falling by 29.9% to $427 million.

In Latin America, sales dipped by 0.7% (+4%). Syngenta points to a volume increase and the successful integration of the Argentine seed supplier, Nidera Semillas. The company was acquired in February 2018. Reported sales were reduced by unfavourable currency impact.

Sales in Asia Pacific, including China, increased by 10.1% (+14%) with continued strong momentum in maize and new product launches and growth in vegetables.

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www.agrow.com 17

BASF’s agricultural solutions business grew by 19.7% to €1,796 million ($2,026 million) during the second quarter. The rise was primarily because of the acquisition of assets from Bayer in August 2018.

Revenues included seed and trait sales, a new business segment for the company following the acquisition of assets. Agrochemical sales were €3,423 million ($3,862 million) while seed and traits brought in €1,022 million ($1,153 million).

The company notes “slightly” higher prices from its legacy business. But sales volumes were well below the prior-year quarter, mainly due to significantly lower volumes in North America.

Overall, volumes were down 12%, while prices advanced 3%. The portfolio effect was a positive 28%, while currency changes enhanced business by 1%.

Profits went down. Earnings before interest, tax, depreciation and amortisation (EBITDA) fell by over a third (-36.1%) to €205 million. EBIT before special items declined by more than half (-56.5%) to €121 million. Negative earnings from the acquired businesses due to their seasonality contributed to this development. Moreover, earnings in the

BASF ag solutions sales up 20% in second quarter

BASF’s agriculture division results (€ million)2ndt qtr ended June 30th 2018 ($ million)1 % change 2019 ($ million)1

Sales 1,501 (1693) +19.7 1,796 (2026)

EBITDA2 321 (362) -36.1 205 (231)

EBIT3 before special items 278 (314) -56.5 121 (137)

EBIT3 259 (292) -88.8 29 (33)

Six months

Sales 3,229 (3,643) +37.7 4,445 (5,015)

EBITDA2 802 (905) +43.1 1,148 (1,295)

EBIT3 before special items 701 (791) +22.8 861 (971)

EBIT3 676 (763) +18.5 801 (904)1 at the current rate; 2 earnings before interest, tax, depreciation and amortisation; 3 earnings before interest and tax.

legacy business were lower because of distributor destocking and challenges relating to weather conditions and the trade conflicts in North America. EBIT after items dropped by 88.8% to €29 million. EBIT included special charges, primarily for the integration of the acquired businesses.

Six monthsBuoyed by the 53.3% rise during the first quarter, six-month revenues rose by 37.7% to €4,445 million. EBITDA for the two quarters was up by 43.1% whereas EBIT increased by 18.5% to €801 million.

Research and development expenses for the quarter increased by 62.7% to €205 million. The rise during the first half was similar, with expenses up 63.8% to €398 million.

Category salesHerbicides were the dominant category, making up 34% of first-half agricultural business sales and 44% of agrochemical sales. Revenues from the product category were €1,511 million.

Fungicides brought in 28% of agricultural business sales and 36% of agrochemical revenues. Sales were €1,245 million.

Insecticides made up 9% of agricultural

business sales and 12% of agrochemical sales at €400 million.

The seed treatment business made up the remaining agrochemical revenues of €267 million.

Regional salesBASF reports “considerably” increased sales in Europe. That was due to portfolio effects, which more than compensated for the significant decline in fungicide, seed treatment and herbicide volumes in northern and eastern Europe.

Sales in North America were “considerably” higher as well, mainly as a result of portfolio effects. Positive currency effects and a slightly higher price level also contributed to the sales increase. This was partially offset by lower fungicide and herbicide volumes, especially in the US and Canada due to distributor destocking and challenges relating to weather conditions and the trade conflicts.

Similarly, positive portfolio effects aided by slightly positive currency effects boosted business in Asia. Sales were reduced by lower fungicide volumes.

Sales were up considerably in the South America, Africa, Middle East business region. BASF sold significantly increased volumes, especially in Brazil for seed treatment and fungicides. A significantly higher price level and portfolio effects also contributed to the positive sales development. Negative currency effects had an offsetting impact.

Top 20 2019 /

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www.agrow.com 19

Corteva Agriscience’s crop protection sales slipped by 0.5% to $1,857 million in the second quarter of 2019. They are the first financial results presented by the company since Corteva was spun off from DowDuPont on June 1st. Seed sales fell by 4.3% to $3,699 million and overall revenues were down by 3.1% to $5,556 million.

The company attributes the decline to adverse weather impacts in North America. Outside that region, Corteva points to organic growth in crop protection of 21% and 10% for seed. “In our initial quarter as a standalone company, we delivered technology-driven, organic growth in nearly all regions despite continued pressure from the unprecedented weather events that challenged near-term market conditions in North America,” says Corteva’s chief executive officer, Jim Collins.

Weather-related planting delays and lower-than-expected areas of maize, soybeans and canola adversely impacted sales in North America. Organic sales growth in Latin America was driven by early demand for crop protection products, while growth in the Asia Pacific and Europe, Africa and Middle East (EMEA) regions were primarily driven by demand for new products, including the insecticide, sulfoxaflor (trade-marked as Isoclast), the fungicide, oxathiapiprolin (trade-marked as Zorvec), and the herbicide, halauxifen-methyl (trade-marked as Arylex).

Prices declined by 1%, with price gains in outside of North America (rest of the world sales region) more than offset by decreases in North America. The latter was due to higher replanting of maize and pricing pressure on soybeans. Volumes were

Corteva’s 2nd-qtr crop protection sales by region ($ million)2nd qtr ended June 30th 2018 % change 2019

North America 847 -19.0 686

Europe, Africa & Middle East 420 -6.4 393

Asia Pacific 316 -1.3 312

Latin America 284 +64.1 466

Total 1,867 -0.5 1,857

Corteva agchem sales flat in Q2

Top 20 2019 /

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20 www.agrow.com / Top 20 2019

Corteva’s 2nd-qtr crop protection sales by category ($ million)2nd qtr ended June 30th 2018 % change 2019

Herbicides 1,068 -2.2 1,044

Insecticides 448 +2.5 459

Fungicides 269 +12.3 302

Others 82 -36.6 52

Total 1,867 -0.5 1,857

Corteva’s first-half crop protection sales by category ($ million)Six months ended June 30th 2018 % change 2019

Herbicides 1,931 -6.0 1,815

Insecticides 777 +7.6 836

Fungicides 547 -4.6 522

Others 105 +7.6 113

Total 3,360 -2.2 3,286

Corteva’s 2nd-qtr seed sales by region ($ million)2nd qtr ended June 30th 2018 % change 2019

North America 3,279 -5.5 3,099

Europe, Africa & Middle East 267 +2.6 274

Asia Pacific 147 -5.4 139

Latin America 171 +9.4 187

Total (net sales) 3,864 -4.3 3,699

essentially flat compared with the same period last year, with 5% lower volumes in North America being offset elsewhere, including 14% growth in Latin America. There were adverse currency effects of 2%, with impacts being driven primarily by the euro.

Increased crop protection sales in Latin America and the EMEA region were offset by declines in North America and the Asia Pacific region. Volume growth was led by strong early demand for spinosyn insecticides and seed-applied technologies in Latin America.

Higher sales of fungicides and insecticides were more than offset by declines of herbicides and other products. Sales of new products, including sulfoxaflor, oxathiapiprolin and halauxifen-methyl, were up by 73% over the same period last year. Sales of sulfoxaflor grew by more than 70% to some $40 million.

Maize seed sales fell by 2.7% to $3,699 million, soybean seed sales were down by 17.8% to $998 million, with other oilseed business up by 3.1% to $200 million. Other seed sales fell by 7.7% to $192 million. Increases in Latin America and the EMEA region were more than offset by declines in North America and Asia Pacific.

Corteva’s pro forma operating earnings before interest, tax, depreciation and amortisation (EBITDA) fell by 6% to $1,486

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a science group company

The BCPC Congress 2019Understanding the demands and opportunities of a “Green Brexit” – how do we deliver food production alongside environmental enhancement?With a great line-up of speakers and a stimulating programme, topics at this year’s BCPC Congress will include: developing sustainable plant health solutions, opportunities and challenges for plant genetic technologies, global impact of food production, IPM - strategic insights, input management and farm assurance, and precision agriculture. The Regulatory Affairs session covers topics including the General Food Law, trade secrets and transparency, endocrine disruption, new breeding techniques and developments in data protection.

Join us and exchange views with other members of the regulatory community.

Visit the website for the full programme: www.bcpccongress.org

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T +44 1423 863 522 E [email protected]

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DATE19-20 November 2019

LOCATIONHilton Brighton Metropole, Brighton, UK

PRICE£800 + VAT

CONFERENCE LANGUAGEEnglish

‘18

C4080 BCPC 2019 A4 Leaflet.indd 1 30/09/2019 09:44

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22 www.agrow.com / Top 20 2019

Corteva’s first-half seed sales by region ($ million)Six months ended June 30th 2018 % change 2019

North America 4,478 -10.4 4,012

Europe, Middle East & Africa 1,089 -1.0 1,078

Asia Pacific 220 -4.1 211

Latin America 378 -3.4 365

Total 6,165 -8.1 5,666

Corteva’s results ($ million)2nd qtr ended June 30th 2018 % change 2019

Sales 5,731 -3.1 5,556

Crop protection 1,867 -0.5 1,857

Seed 3,864 -4.3 3,699

Operating EBITDA1 1,581 -6.0 1,486

Crop protection 423 +6.4 450

Seed 1,158 -10.5 1,036

Six months

Sales 9,525 -6.0 8,952

Crop protection 3,360 -2.2 3,286

Seed 6,165 -8.1 5,666

Operating EBITDA1 2,344 -13.4 2,031

Crop protection 746 -10.2 670

Seed 1,598 -14.8 1,3611 earnings before interest, tax, depreciation and amortisation.

million. Operating EBITDA for the seed business was down by 10.5% to $1,036 million while that for the crop protection business rose by 6.4% to $450 million. Improved crop protection earnings from new products and cost savings from synergies were more than offset by currency impacts, and lower seed sales and margins.

Corteva’s first-half crop protection sales by region ($ million)Six months ended June 30th 2018 % change 2019

North America 1,419 -17.9 1,165

Europe, Middle East & Africa 994 -4.1 953

Asia Pacific 466 +10.5 515

Latin America 481 +35.8 653

Total 3,360 -2.2 3,286

Six monthsCrop protection sales for the first six months of the year were down by 2.2% to $3,286 million. Seed sales fell by 8.1% to $5,666 million and overall revenues dropped by 6% to $8,952 million. Volumes were down by 3%, with gains in Latin America, EMEA and Asia Pacific more than

offset by declines in North America. Prices were flat, with improvements mainly due to demand for new products being offset by the downturn in North America. There was an adverse currency effect of 3%.

Higher sales of insecticides were more than offset by declines of herbicides and fungicides. Sales of sulfoxaflor were up by 56% over the same period last year.

Strong growth in the crop protection business in Latin America and Asia Pacific were more than offset by declines in North America and EMEA.

Maize seed sales fell by 4.3% to $3,777 million and soybean seed by 19.1% to $1,129 million. Other oilseed business was down by 7% to $425 million and other seed sales by 9% to $335 million. First-half seed sales were down in all regions.

Corteva’s first-half pro forma operating EBITDA dropped by 13.4% to $2,031. That for crop protection was down by 10.2% to $670 million and for seed down 14.8% to $1,361 million.

OutlookCorteva expects full-year sales to be about 3% lower than those of 2018. However, it has raised its guidance for pro forma operating EBITDA to a range of $1,900 million to $2,050 million. “Despite the first-half challenges, we continue to see strength across our global business,” Mr Collins says. “Looking ahead to the second half, we expect ongoing, solid adoption for high-demand products and anticipate continued ramp-up of recent product launches to continue driving high-value sales globally.”

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www.agrow.com

FMC sales up 4.5% in second quarter

23

Strong growth in Brazil, India and Europe contributed to a 4.5% increase in FMC’s agrochemical sales to $1,206.1 million in the second quarter of 2019. The company points to organic growth of 9%, partly offset by adverse currency effects of 4%. Volumes were up by 5% and prices by 3%, with pricing gains in all regions.

Sales in Latin America rose by 29% to $257 million, or by 34% if currency effects are excluded. Growth was driven mainly by the cotton and sugar cane sector in Brazil and strong pricing across the region. FMC points to the contribution of the herbicide, Boral (sulfentrazone), on sugar cane and continued growth for the diamide insecticides, chlorantraniliprole (trade-marked as Rynaxypyr) and cyantraniliprole (trade-marked as Cyazypyr).

The Europe, Africa, Middle East region posted a 4% (10% excluding currency effects) increase in sales to $304 million. There were improved market conditions in Russia and Ukraine and growth for diamide insecticides. FMC notes new country registrations for cyantraniliprole in the region and the launch of Battle Delta (flufenacet + diflufenican) herbicide in France and Germany.

North American business was down by 2% to $334 million. Extreme weather and flooding in the US Mid-West adversely affected demand for pre-emergence herbicides. However, there were gains from insecticides in California and a successful introduction of the fungicide,

Lucento (bixafen + flutriafol).

Sales in Asia fell by 2% (+4%) to $312 million. Over 20% growth in India was driven by the new commercial structure put in place last year was offset by challenging conditions in the Chinese rice market.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 5.7% to $337.8 million. Price and product mix gains of $47 million and volume increases worth $35 million were partly offset by a $46 million in costs and an $18 million adverse currency effect. Adjusted EBITDA amounted to 28% of revenues in the second quarter of 2019 compared with 27.7% in the same period last year.

Sales for the first six months of the year rose by 6% to $2,398.2 million and adjusted EBITDA grew by 4.9% to $681.2 million.

OutlookFMC forecasts third-quarter sales of $960-990 million, representing 6% growth at the midpoint compared with the same period last year. Adjusted EBITDA is expected to be 7% higher at $190-210 million. Fourth-quarter revenues are set to rise by 7% to $1,150-1,200 million, with adjusted EBITDA up by 17% to $310-330 million. The company forecasts full-year revenues of $4,500-4,600 million, with organic growth of 9% and an estimated adverse currency impact of 3%. It expects adjusted EBITDA to grow by 8% to $1,180-1,220 million.

FMC’s results ($ million)2nd qtr ended June 30th 2018 % change 2019

Sales 1,154.4 +4.5 1,206.1

Adjusted EBITDA1 319.6 +5.7 337.8

Six months

Sales 2,262.3 +6.0 2,398.2

Adjusted EBITDA1 649.1 +4.9 681.21 earnings before interest, tax, depreciation and amortisation.

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24 www.agrow.com / Top 20 2019

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UPL’s consolidated revenues, including those of Arysta LifeScience, grew by 6.8% to Rs 79,060 million ($1,135.3 million at the current rate) in the company’s first quarter ended June 30th. UPL completed the acquisition of Arysta at the end of January this year. The company has combined sales of Arysta and legacy UPL for comparison purposes.

Volumes were up by 5%, while higher prices and currencies added 1% each to revenues.

Compared with revenues of legacy UPL alone, sales rose by 91.2%. UPL’s “agro activities”, comprising agrochemicals and seeds, accounted for 97.3% of the company’s consolidated sales.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) for the quarter grew by 11%.

Latin America was the company’s largest region, accounting for 30% of total revenues. Sales in the region increased by 25%. In Brazil, UPL saw “strong” performance across row crops. Placement of products and customers’ commitment was the key growth driver in Argentina and the rest of the Southern Cone region.

Europe was the second-largest region, making up 21% of total revenues. Sales in the region decreased by 3%. A delayed and weak season in eastern and eestern Europe because of drought and heat was partially mitigated with growth in the Mediterranean region. An unprecedented heat wave across Europe left growers uncertain about planting, the company says. It adds that there was a reduction of 10% in sugar beet planting.

North America made up 15% of revenues.

Sales in the region grew by 6%. The impact of the US tariff war with China helped the company. UPL points out that the growth occurred despite a general market decline of some 10% during the quarter because of floods in the US Mid-West. That is likely to “significantly” impact some 10 million acres (4 m ha) of row crops.

Revenues in UPL’s domestic market, India, fell by 8%. Sales in the country made up 15% of total revenues. A lack of rainfall in June delayed the entire season and placement of products. Low prices of non-selective herbicides impacted the company’s sales.

The rest of the world made up 19% of total revenues. Sales grew by 7%. UPL witnessed a strong momentum in southern and western Africa. South-East Asia was impacted by weak rainfall.

UPL first-quarter sales up 7%

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The 2019 BCPC Congress will encompass a wide range of topics relevant to the theme of how intensification of food production can be reconciled with environmental protection or enhancement, whatever the UK’s future relationship is with the EU. The science and technology relating to the national debate on how to support UK farming and food production whilst meeting the highest environmental standards will be explored in a series of sessions.

The Congress will seek to unearth some of the reality behind the UK Government’s agricultural policy framework

in which farmers will be paid to deliver ‘public goods’ such as improved soil health, air and water quality. The Congress will also provide a platform for recent developments in crop protection, with a focus on dissemination of these to advisers and practitioners.

Day One will start with a plenary session, led by Julie Girling (past MEP) reflecting on her 10 years’ experience as MEP for South West of England and Gibraltar, including her service on the Environment, Public Health and Food Safety Committee and Agriculture Committee in Europe as one of the few supportive of commercial farming. She has

The BCPC Congress 2019

“Understanding the demands and opportunities of a “Green Brexit” – how do we deliver food production alongside environmental enhancement?”19 – 20 November 2019 | Brighton | UK

26 www.agrow.com / Top 20 2019

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recently become Senior Advisor to Burson, Cohn and Wolfe, a PA and Communications agency in Brussels.

Following on from this will be sessions on developing sustainable plant health solutions and plant genetic technologies. Speakers will include, Robert Shearsby, (Agricultural Industries Confederation). AIC is a trade association for members of the agri-supply chain, which pulls together the crop protection, animal feed, fertiliser, arable and seed sectors and ensures their collective voice is heard in Government. Guy Smith, (Deputy President, NFU) farms a mixed and diversified farm in Essex. He has served on the NFU Council as a member of the Governance Board and as Chair of the NFU Communications Group. He will be considering that it is now time for a new approach to develop sustainable plant health solutions in the UK. The morning session will conclude with Dr Tina Barsby OBE (NIAB) looking at opportunities and problems for plant genetic technologies for a Green Brexit. Tina is CEO of NIAB which this year celebrates its centenary. A plant geneticist with significant experience in the agricultural crop sector, Tina is committed to the translation of plant science into products and services of value to industry and society.

The Regulatory Affairs session, in the afternoon, will appeal to stakeholders interested in a regulatory affairs update and issues relating to data protection and endocrine disruption. Dr Martyn Griffiths (Bayer CropScience) will cover the transparency of regulatory information and how industry input is vital in the management of key challenges in the revised General Food Law. Whilst Mike Carroll (TSG Consulting) will be asking where do we go from here with GLP, Trade Secrets and Regulatory Transparency?

The second day starts with a look at the global impact of food production, Integrated Pest Management (IPM) and input management and delivering IPM and precision agriculture (including delivering appropriate regulation).

Professor Rhys Green, (University of Cambridge) is a conservation scientist researching on the conservation of wild species and how the impacts of farming, pollution and climate change can be reduced. In his session he will be looking at minimising the global environmental impact of food production. Following on Nick Poole, (Foundation for Arable Research) from Australia will be looking at input management. FAR is an applied research and extension organisation serving the cropping industry. Nick has led national research projects and has particular interest in farming systems research, cereal disease management and challenging the boundaries of wheat productivity worldwide. Martin Grantley-Smith, (AHDB) who has directed the strategy for AHDB Cereals and Oilseeds to shape priorities, will give a strategic insight into IPM.

Day Two will see the welcome return of CRD (Chemicals Regulation Division), who will engage in a workshop format with delegates, to look at how the UK will manage crop protection technologies in future, with particular emphasis on precision agriculture.

The Congress rounds off with an afternoon session providing opinion and strategy for the better use of agrochemicals. Speakers include Professor Lin Field (Rothamsted Research), Head of Biointeractions and Crop Protection. Her work focuses on insecticide mode of action and resistance at the biochemical/molecular level and uses genomic techniques to understand resistance and insecticide selectivity. She will be considering how insecticides can be best used in better pest control strategies. Finally, Paul Temple (Chairman, The Voluntary Initiative), who farms in East Yorkshire, will focus on Integrated Pest Management and farm assurance schemes.

Delegates attending the BCPC Congress are invited to join the drinks reception, hosted by TSG Consulting, on Monday 18 November at the Hilton Metropole, Brighton. Pre-booking is required when registering.

If you would like further information on the BCPC Congress 2019, taking place on 19-20 November 2019, please visit: www.bcpccongress.org or

call +44 (0) 1423 863 522 or email: [email protected]

IN ASSOCIATION WITH

Top 20 2019 / 27www.agrow.com

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中国国际贸易促进委员会化工行业分会CCPIT Sub-Council of Chemical Industry

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第二十一届中国国际农用化学品及植保展览会

21st China International Agrochemical &Crop Protection Exhibition

第二十一届中国国际农化装备及植保器械展览会

21st China International Agrochemical & Crop Protection Equipment Exhibition

第十一届中国国际新型肥料展览会

11th China International Fertilizer Show

2 月 Feb

24-26

上海新国际博览中心Shanghai New International Expo Centre

Hall2020年 Year 日 Day

N1-N5 W3-W5

202020202020

WeChat Visitor Register

农化的世界 世界的农化

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ChemChina subsidiary Adama recorded a 5.4% fall in crop protection revenues to $905 million in the second quarter of 2019. Sales of all business were down by 2.1% at $1,002 million. The company says that sales were “in line with” those of last year in constant currency terms.

President and CEO Chen Lichtenstein notes poor market conditions. “We now cross

difficult market conditions, with adverse weather, industry-wide supply constraints and currency headwinds. In addition, as the gradual ramp-up of production at the Jingzhou old site is ongoing, we still lack sufficient supply of products in high demand,” he says. However, he adds that the company is outgrowing the market through deepening presence in “growth markets” and launching “differentiated products”.

Adama agchems down 5% in Q2

Adama’s results ($ million)2nd qtr ended June 30th 2018 % change 2019

Sales 1,023 -2.1 1,002

Agrochemicals 957 -5.4 905

EBITDA1 189 -6.3 177

EBIT2 137 -15.3 116

Six months

Sales 2,045 -1.8 2,008

Agrochemicals 1,905 -4.8 1,814

EBITDA1 379 -3.7 365

EBIT2 273 -11.4 2421 earnings before interest, tax, depreciation and amortisation; 2 earnings before interest and tax.

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Adama’s sales1 by region ($ million)2nd qtr ended June 30th 2018 % change 2019

Europe 309 -13.6 267

North America 213 +3.5 220

Latin America 172 +14.2 196

Asia Pacific 167 +3.1 173

India, Middle East & Africa 162 -10.2 146

Total 1,023 -2.1 1,002

Six months

Europe 702 -10.6 628

North America 407 -1.6 400

Latin America 311 +14.4 355

Asia Pacific 356 +0.7 358

India, Middle East & Africa 270 -1.4 267

Total 2,045 -1.8 2,008

1 includes non-agrochemicals.

Earnings before interest, tax, depreciation and amortisation (EBITDA) on all business fell by 6.3% to $177 million. EBIT lost 15.2% to $116 million. The company notes that both rose slightly in yuan terms.

Six monthsAgrochemical sales dropped by 4.8% to $1,814 million in the first six months of the year. Total revenues were down by 1.8% at $2,008 million. In constant currency terms, sales were slightly up on last year’s first half.

EBITDA fell by 3.7% to $365 million and EBIT was 11.4% lower at $242 million.

Regional salesSales of all products in Europe fell by 16.7% in the second quarter in constant currency terms, and by 13.6% in dollar terms to $267 million. That was primarily due to tight supply conditions as well as unseasonably hot weather towards the end of the period, which constrained sales in key countries, Adama says. In northern

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Europe, sales continued to be impacted by credit restraint in Ukraine, with the company restricting sales only to those customers with a proven ability to pay, as well as by adverse weather conditions in Germany, hitting application in all major crops. In southern Europe, weak disease pressure hit demand for products, while supply-related constraints further impacted sales. First-half sales fell by 10.6% (-13.6% in constant currency terms) at $628 million.

Business in North America increased by 3.5% in dollar terms (+3.7%) in the quarter to $220 million. Prices rose, partially offsetting adverse weather conditions. Unprecedented flooding led to delays in planting and a reduced planted acreage, impacting sales across key markets. In the consumer and professional solutions business, Bonide, the US pest control products supplier it acquired in January, added a “pleasing” contribution despite “challenging” weather conditions that impacted the non-crop market. First-half sales fell by 1.5% (-1.3%) to $400 million.

The Latin American business “delivered exceptionally strong growth”. Sales were up 14.2% (+20%) in the second quarter at $196 million. Business grew in “key countries”, alongside continued price increases, which more than offset the impact of constrained supply. The company continued to grow strongly in Brazil, where demand for its maize portfolio overcame supply shortages in certain products. There was a “strong” performance in the key soybean market, on a “distinctive product offering”, including the “flagship” Cronnos (picoxystrobin + tebuconazole + mancozeb) fungicide for rust control, while benefiting from an increase in planted areas. Adama highlights a “noteworthy” performance in

Argentina. The company launched several products including the proprietary nematicide, Nimitz (fluensulfone), suite of products in Peru, the plant growth regulator, Brevis (metamitron), in Argentina, and the insecticide, Kadabra (bifenthrin + fipronil), in Mexico. First-half sales were up 14.4% (+22.6%) at $355 million.

Second-quarter revenues in the Asia Pacific region grew by 3.1% (+7.8%) to $173 million on rising volumes and prices. Business saw a strong recovery in Australia as rain aided the winter crop season following a severe drought that impacted the first three months of the year. However, drought conditions continued to impact the broader Asia Pacific region, hitting pesticide applications and product sales in many countries. In China, sales were up 3% (+1.7%) on “strong demand” for its

differentiated, formulated and branded products towards which Adama has switched its focus. Sales of formulated, branded products other than those from the Jingzhou old site, grew by more than 20% in the quarter and first half. The Chinese ChemChina business, Jiangsu Anpon, delivered a solid performance in its first full quarter since joining. That compensated for the interruption to supply resulting from the Jingzhou old site. First-half sales inched 0.7% (+5.2%) higher to $358 million.

In India, the Middle East and Africa, revenues were down 10.2% (-6.2%) for the quarter at $146 million. Sales in India were impacted by the late monsoon rains as well as supply constraints in China-sourced products. First-half business was 1.4% (+5.9%) lower at $267 million.

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Best R&D Pipeline• Bayer

• Corteva Agriscience

• FMC Agricultural Solutions

• Marrone Bio Innovations

• Seipasa

Best New Biological Product - Biopesticide• Agrauxine by Lesaffre (Romeo – cerevisane)

• BetaTec Hop Products (HopGuard III)

• Ecolibrium Biologicals (Lateral)

• Eden Research (Mevalone)

• FMC Agricultural Solutions (Quartzo and Presence)

Best New Biological Product – Biostimulant• Atens (Asir Bio)

• Chengdu New Sun Crop Science (14-hydroxylated brassinolide)

• Locus Agricultural Solutions (Rhizolizer)

• Loveland Products (Maritime)

Best Formulation Innovation• Alfa Smart Agro (Smart CompleX Technology)

• Atens (Asir Bio)

• Battelle Memorial Institute/Mitsui AgriScience (Banyan Technology)

• Bayer (Fox Xpro SC)

• Corteva Agriscience (i-Q4 technology)

• Eden Research (Sustaine)

• Schelkovo Agrohim (Deposit ME)

Best Application Technology Innovation• Agrovista

• BASF Korea

• Bee Vectoring Technology

• Chengdu New Sun Crop Science

• FMC Agricultural Solutions

• XAG

Crop Science Awards 2019 – Shortlist

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Best Packaging Innovation• Adama (5-litre branded packaging)

• Corteva Agriscience (5-litre angled neck fluorinated HDPE Bottle for Inatreq)

Best Innovation in Digital Farming Technology• Adama (BreviSmart)

• CropIn Technology (SmartRisk)

• International Rice Research Institute

• Taranis (Aerial imagery platform)

• The Climate Corporation (Climate FieldView)

• UPL

Best Innovation in Precision Farming Technology• Adama (Agrint)

• FMC Agricultural Solutions (Precision metered custom blended crop protection)

• XAG (Smart Agriculture solutions)

Best Stewardship Programme• Agsafe (AgBytes online training)

• Chengdu New Sun Crop Science (8 Standards)

• Corteva Agriscience (Safe Food Safe Farmer)

• CropLife Canada (Manage Resistance Now)

• FMC Agricultural Solutions (Doctor Soil)

• inpEV, Brazil (Campo Limpo remote education course)

Best Marketing Campaign• Adama (Made by Many)

• Corteva Agriscience (Loyant herbicide)

• FMC Agricultural Solutions (Lucento fungicide)

• FMC Agricultural Solutions (Doctor Soil)

• Seipasa (Through the eyes of the New Generation)

• Syngenta Crop Protection (Miravis Ace fungicide)

Best Public Outreach Programme• BASF Agricultural Solutions (Grow with BASF)

• Corteva Agriscience (Follow the Food)

• CropLife Canada (Real Farm Lives)

Best Supplier• Limin Chemical

• Maxunitech

• Zhejiang Xinan Chemical Industrial Group

Best Company from an Emerging Region• Alfa Smart Agro

• Insecticides India

• Limin Chemical

• Maxunitech

• Sichuan Leshan Fuhua Tongda Agro-chemical Technology

• XAG

Best Supporting Role• ADAS

• Compliance Services International

• Dextra International

• ERM

• JDM Scientific Research Organisation

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Best R&D PipelineFollowing the acquisition of Monsanto in 2018, Bayer’s Crop Science division is building on the successful track records of both legacy companies. Bayer’s combined R&D pipeline includes more than 75 key projects in seeds and traits, crop protection and digital agriculture. Furthermore, the company produces hundreds of new hybrids and varieties and crop protection products every year. It expects to launch more than 25 new products by 2022.

Corteva Agriscience underscores the need to discover and bring novel agricultural technologies to market given increasing global food demands, changing consumer preferences and rising pest resistance issues. Its pipeline includes new crop protection active ingredients, seeds and trait technology, and an emerging set of diagnostic tools designed to create value for growers and consumers. Corteva claims to be rising to the challenge to meet these industry-driving forces and market needs.

FMC Agricultural Solutions’ R&D pipeline brings together the strengths of its legacy companies (FMC, Cheminova and DuPont) and represents a diversity of new chemistry, novel modes of action, and biologicals. It foresees growth to come from new introductions over the next decade, including the first new herbicide mode of action in over 30 years. In addition to synthetic chemistries, the pipeline boasts new biologicals for the control of fungal pathogens and nematodes.

US company Marrone Bio Innovations (MBI’s) pipeline of biological crop protection products includes three herbicides with novel modes of action, a highly effective

soil biofumigant, and novel fungicide pre-mixtures. MBI points out its track record of successful commercialisation of novel and effective products, having launched six new US EPA-registered biopesticide active ingredients and one biostimulant in 11 years. It highlights a systemic herbicide, which controls herbicide-resistant Palmer amaranth and water hemp (both Amaranthus spp).

Spanish company Seipasa presents a non-selective herbicide developed from botanical substances, which it claims as an alternative to glyphosate. It has been developed by enhancing the effect of organic compounds derived from isoprene in combination with monoenoic organic acids. The botanical origin of the herbicide allows its application at any crop phase and in different use environments. Seipasa’s formulation expertise resulted in increased efficacy and enhanced mode of action.

Best New Biological Product - BiopesticideFrench company Agrauxine developed the non-living natural active substance, cerevisane (composed of cell walls of Saccharomyces cerevisiae yeast strain LAS117), which is the active ingredient in the company’s biofungicide, Romeo. It acts preventively and its mode of action consists of the stimulation of plant defence mechanisms. Romeo activates several plant defence metabolic pathways, leading to multi-disease efficacy. It is effective on vegetables crops, berries and grapevines. Cerevisane is registered in the EU and the US.

US company BetaTec is committed to combat the honey bee deadly parasitic mite, Varroa destructor. The mite has

developed resistance to commercially available pesticides and is highly responsible for honey bee losses. The company’s improved hop biopesticide, HopGuard III, decreases mite levels in commercial beehives. It provides a natural alternative to combat Varroa without risking honey or wax contamination.

New Zealand company Ecolibrium Biologicals’ bioinsecticide, Lateral, is derived from a novel New Zealand indigenous strain of the bacterium, Brevibacillus laterosporus, discovered at Lincoln University. The bioinsecticide controls lepidopteran insects including, but not limited to, diamondback moths (Plutella xylostella), fall armyworms (Spodoptera frugiperda), corn earworms (Helicoverpa zea), soybean loopers (Chrysodeixis includens) and European corn borers (Ostrinia nubilalis).

UK company Eden Research presents its biofungicide, Mevalone, which is based on the terpene active ingredients, eugenol, geraniol and thymol. Distributed via commercial partners across Europe and Kenya, Mevalone provides an invaluable tool to tackle Botrytis cinerea. The antifungal activity of the three plant terpenes is harnessed by Eden’s patented microencapsulation technology, Sustaine. Eden calls the solvent-free, residue-exempt, efficacious and price competitive Mevalone a significant step forward in biological crop protection technology.

FMC’s bionematicides, Quartzo and Presence, can be used on a variety of crops including sugar cane, soybeans, maize, cotton, rice, coffee, and fruits and vegetables. The proprietary strains deliver

Crop Science Awards 2019 – Curtain Raiser

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multiple modes of action from Bacillus licheniformis strain FMCH001 and B subtilis strain FMCH002 to suppress nematodes through a biological and bacteria-based plant protection solution. The activity of the bionematicides centres on the roots of the plant and promotes plant health.

Best New Biological Product – BiostimulantSpanish company Atens’ biostimulant, Asir Bio, seeks to reduce the need for water required when applying spore-forming micro-organisms such as fungi and bacteria. Most of such products need to be applied by irrigation, making them inapplicable under non-irrigated and dry farming conditions. Asir Bio increases plant-available water, particularly during germination and after transplanting. That is achieved through a patented dry milled fibre contained in the tablets, which increases the field capacity water content.

Chinese company Chengdu New Sun Crop Science presents the plant growth regulator, 14-hydroxylated brassinolide formulation. It is extracted from natural plant pollen with selective enzymatic hydrolysis extraction. The product promotes plant growth and increases crop yield and resistance to biotic and abiotic stress, such as drought, salinity, heat, cold and diseases. When mixed with other chemical compounds, it acts as a safener to relieve chemical stress on crops.

US company Locus Agricultural Solutions’ Rhizolizer is a microbial soil amendment product based on Bacillus amyloliquefaciens and Trichoderma harzianum. It increases crop productivity and soil carbon deposition by enhancing soil health, improving root growth, maximising nutrient uptake and supporting against biotic and abiotic stresses. Locus’ microbrewery fermentation technology results in cost-effective solutions that are up to 1,000x the potency of other offerings with industry-low application rates.

US company Loveland Products’ biostimulant, Maritime, is a highly soluble solution of biologically digested kelp, which augments a balanced crop nutrition programme. Maritime’s key differentiator is its proprietary biological extraction process, which separates it from the standard chemical extraction methods found in other kelp products. Maritime has a higher concentration of key bio-active compounds that can help improve crop quality, reduce crop stress and contribute to better soil health in specialty crops.

Best Formulation InnovationUkrainian company Alfa Smart Agro presents Smart CompleX Technology. It relates to water-based suspension concentrates in which the metal prochloraz complex, with an appropriate anion, is produced in situ as an integrated part of the manufacturing of water-based suspension concentrates. Smart CompleX Technology can transform the whole formulation approach to neat prochloraz and metal complexes, because it allows in an easy and cost-effective way, the manufacture of water-based suspension concentrates of products, previously available only in solid forms.

Spanish company Atens has focused on reducing the need for water required when applying spore-forming micro-organisms such as fungi and bacteria. Most of such products need to be applied by irrigation, making them inapplicable under non-irrigated and dry farming conditions. Aten’s biostimulant, Asir Bio, increases plant-available water, particularly during germination and after

transplanting. That is achieved through a patented dry milled fibre contained in the tablets, which increases the field capacity water content.

UK company Battelle Memorial Institute and Japanese company Mitsui Agriscience International have discovered novel formulation constituents that stabilise liquid formulations of around 35 sulfonylurea herbicide active ingredients. The companies say that liquid formulations constitute only around a quarter of global sulfonylurea sales of some $3.5 billion. They note that there are no commercially significant liquid formulations of seven of the ten top-selling sulfonylurea ais, which is because of the chemical instability of most sulfonylureas in liquid formulations.

Bayer presents its fungicide, Fox Xpro SC (trifloxystrobin + prothioconazole + bixafen) as an innovative formulation for the control of Asian soybean rust (Phakopsora pachyrhizi). The formulation was developed with the intention of delivering as much of the active ingredients to the target as possible and minimising unwanted off-target losses for reduced environmental impact. That resulted in a product that is highly performing, robust, with enhanced sustainability and with improved operator safety.

Corteva Agriscience presents its i-Q4 technology for its cereal fungicide, fenpicoxamid (trade-marked as Inatreq). i-Q4 technology increases spray droplet retention, spontaneous redistribution of droplets across the leaf surface, and penetration, resulting in enhanced delivery to the target and rainfastness within 15 minutes.

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Because of this formulation innovation, Inatreq delivers exceptional biological performance at half the use rate of a conventional suspension concentrate formulation, significantly decreasing the potential environmental load of the formulation.

UK company Eden Research’s Sustaine is a patented encapsulation solution based on natural and biodegradable micro-spheres producing easy-to-apply stabilised aqueous emulsions. Eden points out that by 2025, pesticides containing microplastics are likely to be removed from the EU, except for acceptable biodegradable formulations. It claims Sustaine to be one of the only viable and immediately registerable solutions to the microplastics problem. The company uses the formulation in its biofungicide, Mevalone, and bionematicide, Cedroz.

Russian company Schelkovo Agrohim presents its microemulsion-based fungicide, Deposit ME (fludioxonil + imazalil + metalaxyl). The treatment solution dispersion is less than 0.1 μm, enabling the deepest possible penetration of the product through microcapillaries into a seed, controlling all infections, including latent ones. The microemulsion ensures high performance due to the homogeneity and stability of the treatment solution. It guarantees high-quality seed treatment, avoiding flaking off and mechanical losses during storage, transportation and seeding.

Best Application Technology InnovationUK company Agrovista points out that a key area of its adjuvant research and development focuses on improving application efficacy. The company uses specially modified sprayers to conduct replicated trials that investigate conventional and exploratory application techniques. The interaction between pesticides and adjuvants is also an area of research. The company claims to have contributed to application best practice in all markets where it operates.

BASF Korea presents its Sercadis (fluxapyroxad - trade-marked as Xemium) chemigation fungicide application system to be delivered through a drip irrigation line. Sercadis is the first fungicide introduced in the chemigation application market, enabling growers more stable disease protection for plastic greenhouse vegetables. It provides growers more

convenient and time-saving application and reduces the risk of exposure. It is mainly being used in watermelons and is being tested in melons and cucumbers.

Canadian company Bee Vectoring Technology has developed a system that bypasses issues inherent to conventional pesticides, by using bees to deliver biopesticides. As the bees leave their hive to forage, they pick up trace amounts of product and carry it to the bloom, where it can colonise and outcompete other pathogens. The bee delivery method drastically decreases the amount of wasted product and off-target application and can save thousands of gallons of water used in sprays.

Chinese company Chengdu New Sun Crop Science has developed co-extraction technology, which improves the efficacy of plant-based pesticides. The technology is based on principles of traditional Chinese medicine and involves extracting ais from two or more different plant species together. The extraction yield of ais increases by 10-30% compared with that of the single species extraction technology. The company has also found that co-extracted formulations typically have higher disease control efficacy than individual species extraction or tank mixed extractions.

FMC Agricultural Solutions’ PrecisionPac Application Innovation Version 3 is a custom blending system designed to precisely meter dry formulated herbicides in prescriptive combinations for custom weed control in cereal crops. The technology measures, blends and dispenses herbicide combinations into a flexible pouch in volumes customised to sprayer tank or field size. Hundreds of acres of crop protection in a single disposable bag eliminates measuring and mixing in the field and open containers at season end.

Chinese company XAG’s iRASS Intelligent Rotary Atomisation Spraying System is a patented precision spraying innovation, embedded on XAG P Series Plant Protection UAS. The iRASS makes chemical application more efficient and helps farmers reduce at least 30% of pesticide use and conserve 90% of water resources. The technology helps farmers manage their fields more effectively and ensure a safer, healthier food supply, while leaving a smaller footprint on the planet.

Best Packaging InnovationAdama (5-litre branded packaging)

Corteva Agriscience (5-litre angled neck fluorinated HDPE Bottle for Inatreq)

ChemChina subsidiary Adama presents packaging intended for all its crop protection products sold in 5 litre packages. The design was developed through research conducted in 15 countries. The packaging has a quick open cap, which is larger, textured and without a foil seal. A larger and flexible handle allows easy pouring and carrying with gloved hands. Rounded corners and sloping shoulders facilitate smooth pouring and fast rinsing. A clear view strip allows measuring leftover product. Nodules and ridges afford a firm and steady grip, even with wet gloves.

Corteva Agriscience is bringing forward a new packaging solution for the 2020 launch of its cereal fungicide, fenpicoxamid (trade-marked as Inatreq). The package is a monomaterial angled-neck 5 litre bottle. It minimises operator exposure and allows easy product pouring. The angled neck is compatible with closed transfer systems and enables complete emptying. Disposal is easy, because the streamlined design gets rinsed efficiently, and the monomaterial HDPE improves the ability to recycle the bottle, reducing environmental impact.

Best Innovation in Digital Farming TechnologyChemChina subsidiary Adama has sought to solve the decision problem facing fruit growers about when to thin an apple or pear tree so as to avoid under-thinning or over-thinning. BreviSmart is a dynamic, easy-to-use decision support tool giving advisers a precise thinning date and the confidence to advise growers when and how to apply Adama’s fruit-thinner, Brevis (metamitron). Already used on commercial apple orchards in over ten countries, BreviSmart is due for a widescale rollout in the coming year.

Indian company CropIn Technology’s SmartRisk is a predictive and prescriptive solution for risk monitoring, mitigation and forecasting intelligence. The artificial intelligence and machine learning-based platform detects cropping patterns and predicts the future of the crop, highlighting the associated risk and opportunity for agri-stakeholders. Growers can achieve plot-level crop detection and yield forecast

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through the SmartRisk capabilities that also provides insights on the historical performance of every pixel at plot/state/country level.

The Philippines-based International Rice Research Institute considers precision in plant nutrition management as of most significant concern to achieve the goal of sustainable development. It points to Site-Specific Nutrient Management (SSNM) as a tool for optimising the supply and demand of nutrients to address spatial and temporal variability and promoting precision agriculture. Crop Manager, a web-based decision tool, offers sustainable livelihoods to resource-poor farmers. Its recommendations have benefited over 100,000 farmers in eastern India.

Israeli company Taranis’ artificial intelligence-powered precision agriculture platform is changing the way farmers traverse and treat crops by harnessing technology to help them effectively monitor thousands of acres of land. With no other option than to manually traverse large acres of land, even the most experienced farmers face challenges diagnosing the wide array of issues they must anticipate. Taranis’ database utilises deep-learning technology to identify crop threats on a granular level, enabling farmers to make informed decisions.

Bayer subsidiary The Climate Corporation’s digital agriculture platform, Climate FieldView, visually displays a farmer’s data as he passes through a field, providing a near real-time view of activity and characteristics in specific field zones as the farmer passes through them. The company claims to have the broadest equipment connectivity and applications portfolio in the agriculture industry. The Climate FieldView is on more than 60 million paid acres across the US, Canada, Brazil and Europe.

UPL is focusing on digital technology to enable growers to monitor water consumption in order to plan irrigation in the most optimised manner. A system has been built whereby a grower can monitor field requirements and conditions from anywhere. The company claims the system to be highly efficient in avoiding wastage of resources compared with the conventional approach. It targets not only traditional or large farming processes but also organic farming and family farming operations.

Best Innovation in Precision Farming TechnologyChemChina subsidiary Adama’s smart sensing solution, Agrint, protects palm trees from devastating red palm weevil (Rhynchophorus ferrugineus) attacks, saving growers thousands of dollars and minimising the environmental risk compared with blanket insecticide control. Using vibration sensors, Agrint warns the grower of weevil larvae attack at the earliest opportunity, allowing them to target control and limit the spread of a pest that destroys 80 million trees a year at a cost of $2 billion.

FMC Agricultural Solutions’ PrecisionPac application innovation version 3 is a custom blending system designed to precisely meter dry formulated herbicides in prescriptive combinations for custom weed control in cereals. Herbicide combinations are measured, blended and dispensed into a flexible pouch in volumes customised to sprayer tank or field size. Growers buy only what they need, and RFID technology ensures that the right product in the right place.

Chinese company XAG’s Smart Agriculture Solutions consist of four parts: building digital farming infrastructure; providing drones and robots for precision agriculture; connecting land, crop, farmer and consumer by utilising Agriculture IoT System; and making agriculture AI practical. The solutions incorporate the use of Real-time Kinematic (RTK) precise navigation technology, XMission surveying Unmanned Aerial System (UAS), autonomous P Series Plant Protection UAS, XIoT Agriculture IoT System, as well as farming AI in practice. The solutions aim to digitalise the whole farming process.

Best Stewardship ProgrammeAustralian organisation Agsafe’s AgBytes is an online training platform to enhance safety and stewardship along the agrochemical supply-chain in Australia. The open-access online training has been developed after engaging with manufacturers and retailers to strengthen the awareness of best practices in safe handling, transport and storage of agrochemicals. It helps ensure that manufacturers and retailers are aware of emerging regulatory issues and maintain their operations at best industry standards concerning safe distribution of the products.

Chinese company Chengdu New Sun Crop Science developed a proprietary “8 Standards” whole-cycle standardised biological crop management program (“8S Program”) to ensure a more sustainable future. The 8S Program also enables farmers to deliver a healthier and more productive harvest to market. It spans production to consumption and applies organic and green agricultural principles from the initial stages of soil preparation to when the food is on the table. It provides customised biological products, solutions, and service to farmers.

Corteva Agriscience started the Safe Food Safe Farmer stewardship campaign in Maharashtra, India, in 2018. Since then, it has reached tens of thousands of stakeholders, focusing on good stewardship of seeds and crop protection products. This training programme builds farmer capabilities in good agricultural practices, responsible storage, handling, and use of crop protection products. It enables improved crop performance, environmentally friendly practices, more favourable country regulations, and community programmes.

CropLife Canada’s initiative, Manage Resistance Now, is a collaborative effort led by CropLife Canada to be the leading voice and information source for resistance management in Canada. This is a first-of-its-kind initiative in the country and provides a holistic approach, which includes resources on cultural, mechanical, biological and chemical best management practices. It aims to increase knowledge and promote adoption of strategies that will lead to a reduction of weed, insect and disease resistance.

FMC Agricultural Solutions’ efforts are focused on the soil. Many farmers lack a basic knowledge of soil science, which contributes to lower yields and permanent loss of arable land. The company introduced Doctor Soil as an educational activity comprising a mobile laboratory including soil testing equipment and an audiovisual system featuring documentaries. It provided basic knowledge on the importance of organic matter, soil pH, and informed use of fertilisers.

The Brazilian national institute for processing empty packages, the inpEV, has redesigned its free remote education course about the Campo Limpo (clean field) system, which

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covers the regulatory legislation on the disposal of empty agrochemical packaging, the responsibilities of each involved stakeholder, the work carried out at the receiving units and proper destination (recycling or incineration). Once the course is concluded, students can print out a certificate of participation.

Best Marketing CampaignChemChina subsidiary Adama’s “Made by Many” campaign tells the story of the development and launch of the company’s new crop protection packaging. The campaign’s main message that “farmers spoke, we delivered” reflects the fact that Adama created its new packaging and specific features in response to input from farmers around the world who shared their pain points around the company’s previous packaging. The company used traditional and digital media to run a teaser campaign followed by the full campaign.

Corteva Agriscience launched its rice herbicide, Loyant (florpyrauxifen-benzyl – trade-marked as Rinskor) accompanied by an unprecedented multimedia campaign highlighting the product’s unique attributes while connecting with growers’ passion for rice production. The focus was emotive, reflecting the personal and family legacy connection beyond simply raising rice, but rather, as the grower’s way of life. The campaign targeted crop consultants, providing awareness of the new product and its unique attributes.

FMC Agricultural Solutions’ marketing campaign was for the launch of its fungicide, Lucento (bixafen + flutriafol). The company implemented a multi-faceted campaign, which integrated marketing and communications and synchronised efforts with its marketing and sales teams. Through this approach, FMC created numerous touchpoints with and communications to growers, retailers and university researchers. It resulted in FMC exceeding its first-year sales goal for Lucento and grew its share of the row crop fungicide market.

FMC ran “Doctor Soil” to address the issue of the lack of elementary knowledge of soil science and soil fertility among Pakistani Farmers. The marketing activity comprised a mobile soil testing facility coupled with a soil science expert at a farmer’s doorstep. Each Doctor Soil unit has an audiovisual setup and soil testing equipment mounted

on the vehicle to run documentaries providing knowledge to farmers about essentials of soil science and recommend customised fertility solution.

Spanish company Seipasa’s campaign “Through the eyes of the New Generation” was launched to reinforce the presence of the biofungicide, Fungisei (Bacillus subtilis strain AB/BS03), in those markets where it was already being sold and to announce the arrival of new registrations in strategic markets. The campaign combines two key components: the added value of Seipasa in its vision to anticipate the market; and the role being played by a new generation of farmers.

ChemChina subsidiary Syngenta’s campaign focused on the launch of its fungicide, Miravis Ace (pydiflumetofen – trade-marked as Adepidyn + propiconazole), in the US wheat market, which was dominated by two established brands. Using a pre- and post-launch marketing campaign spearheaded by the catch phrase “Get a Head Start on Head Scab”, the company was able to capture over 40% market share in the first year. It expects continued impact on the next season, hoping to capture over 50% of the market.

Best Public Outreach ProgrammeBASF in China ran a social initiative called “Grow with BASF”. Aiming to cultivate students’ interests in science, chemistry and agriculture in agricultural provinces, BASF offered specially designed hands-on and inspiring chemistry experiments. Along with benefiting the next generation, the company claims to be creating impact directly in local communities. It supports better understanding of how agrochemical products can benefit farming and how modern farming can be a key factor in supporting economic development.

Corteva Agriscience is partnering with the BBC on “Follow the Food,” an eight-episode documentary outreach series designed to provide well-rounded information on agriculture and food production to a diverse audience, including viewers in the agriscience industry, government officials, NGOs and other thought leaders. Launched in June 2019, and continuing through late 2020, this multi-channel outreach campaign is effectively reaching wide audiences with objective and balanced messages.

CropLife Canada’s Real Farm Lives is a documentary web series that aims to challenge the misconceptions that many Canadians have about the people who grow their food and how it is grown. The series, which is supported by a dedicated website with further information about the benefits of plant science innovations, gives Canadians an entertaining and informative glimpse into the daily lives of real farm families across Canada. Season one was released in autumn 2018 and the next season will debut in autumn 2019.

Best SupplierLimin Chemical is a national designated pesticide manufacturing enterprise and among the 30 enterprises in China’s pesticide industry. It is committed to providing “efficient, low toxicity and low residue” manufacture of pesticide products. It supplies fungicides, especially dithiocarbamates. The company has ISO9001 quality certification, ISO14001 environmental certification and OHSAS18001 occupational health and safety system authentication. It is also a member of China environmental protection association.

Chinese company Maxunitech is a comprehensive manufacturing enterprise, which produces agricultural as well as non-agriculture chemical products for the global market. It incorporates a trading company, Zhejiang Zhuji United Chemicals, and two plants, Max (Rudong) Chemicals and Oriental (Luzhou) Agrochemicals. The company prides itself on quick response to the market, full respect for intellectual property, and good understanding of customers’ expectation. Maxunitech highlights its product quality, on-time delivery, price competitiveness and supply stability.

Chinese company Zhejiang Xinan Chemical Industrial Group is mainly engaged in crop protection and silicone materials industries. The company is a stable supplier of the herbicides, glyphosate and diuron, and the fungicide, carbendazim, and their formulations. It places emphasis on the concepts of “green chemistry and sustainable development”. The company claims to be the industry leader of glycine-routed glyphosate. The technology of chlorine recycling ultilisation between glyphosate and organosilicone production systems, promotes Wynca’s competitive strength in agrochemical manufacturing cost.

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Top 20 2019 / 41www.agrow.com

Regulatory and science-based services for the agrochemical industry

For almost 30 years, TSG Consulting has provided companies around the world with regulatory guidance and scientific expertise. Our experts are highly knowledgeable in the core sciences and the public policy decisions that are used to structure and implement environmental and chemical regulations. By combining this knowledge with our industry experience, we provide companies with comprehensive services from the early stages of product development to marketplace entry and ongoing compliance.

TSG Consulting has offices in France, Germany, Spain, UK, USA and Canada.

Product registration

services

Regulatory intelligence & strategic planning

Product life-cycle

management

Connect with us to learn more [email protected]

www.tsgconsulting.com

a science group company

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42 www.agrow.com / Top 20 2019

Best Company from an Emerging RegionUkrainian company Alfa Smart Agro was founded in 1999. Following its decision to focus more on the development of new products, it launched a formulation plant and quickly became one of Ukraine’s biggest pesticide suppliers. The company succeeded by creating a new approach to the generic segment -- innovation through the development of products focusing on farmers’ needs. In 2018, Alfa Smart Agro introduced nine new products, increased its crop protection sales by 30%, and increased its market share.

Insecticides India is one of the leading crop protection companies in India having significant presence in the Indian and international markets. In its fiscal year ended March 31st 2019, it achieved sales of $173 million with an 8% of share in the Indian market. The company is listed on the national stock market and is backed by its state-of-the-art manufacturing facilities spread across six manufacturing locations. Insecticides India exports to 21 countries.

Established in 1991, Limin Chemical is a large-scale agrochemical manufacturer in China. Among the recognitions it has received are “National High-Tech Enterprise”, “Chinese Agrochemical Industry Association Routine Director Unit”, and “China Well-known Trademark”. The company is also a director unit of the Chinese Environmental Protection Association. Its independent research and development of wastewater treatment technology and application technology won the “National Science and Technology Progress Award” by the State Council.

Chinese company Maxunitech, established in 2000, manufactures agricultural as well as non-agricultural chemical products for the global market. It incorporates a trading company, Zhejiang Zhuji United Chemicals, and two plants, Max (Rudong) Chemicals and Oriental (Luzhou) Agrochemicals. Maxunitech prides itself on quick response to the market, full respect for intellectual property, and good understanding of customers’ expectation. It was the first generic producer of flufenacet fungicide with its patented and free-to-operate process chemistry.

Chinese company Sichuan Leshan Fuhua Tongda Agrochemical Technology is a

subsidiary of the Sichuan Fuhua Group, and was founded in 2006. The Fuhua Group operates in a variety of business areas but the production of glyphosate-based agrochemicals is its most important area. It ranks among top Chinese companies mainly due to glyphosate exports. The company is also in the hybrid seeds business. After ten years’ development, Fuhua claims to have grown to be among the world’s top 20 agricultural enterprises.

Chinese company XAG has been holding firm in its unwavering commitment to build a new era of smart agriculture, especially in China. It views China’s agriculture as having great potential, owning 8% of arable lands of the world, but feeding 20% of global population. After 12 years of development, XAG has reached a leading position by introducing over 30,000 drones, large amounts of sensors and artificial intelligence on over 6 million ha of farmland for over 4.7 million farmers.

Best Supporting RoleADAS’ Yield Enhancement Network (YEN) connects agribusinesses, researchers, farmers and advisers. The focus of YEN is to identify innovators and support their innovation on farm. YEN allows farmers to benchmark their yield and a wide range of relevant metrics against other participants. Each participant receives an estimated yield potential, based on their own soil and environment, and can participate in a yield competition. There are five crop specific networks focused on cereals, oilseeds, grass, peas and beans.

Compliance Services International is a regulatory consultancy providing solutions for organisations faced with regulatory and environmental challenges in the EU, US, and rest of the world. It combines traditional sciences with developing technologies to deliver economically sensible and scientifically sound results. The company offers cost-effective consultation and management in accordance with client goals. It celebrated 30 years of dedicated service to the crop protection industry in 2018.

Dextra International works with clients in over 35 countries, covering services such as market intelligence, regulatory affairs, sales strategies and mergers and acquisitions. The company has recently

established a joint venture with Grant Thornton International to provide a fully specialised M&A service for the agrochemical industry. Dextra’s main mission and values are concentrated on providing added value, professionalism and success its projects. The company is driven by transparency, honesty and full commitment.

ERM Regulatory Services provides the full suite of regulatory services to agrochemical and biologics companies, with a focus on the European market. With over 20 years of experience, and a growing team of over 50 experts with experience in industry, regulatory authorities, CROs and other consultancies, ERM provides high quality regulatory support and advice. ERM also provides a wider range of complementary services for the chemicals industry, such as advice on sustainability issues and mergers and acquisitions due diligence.

JDM Scientific Research Organization is a research and development centre and contract research organisation (CRO) based at Vadodara, Gujarat, India. The centre is a one-stop solution catering to research, analytical chemistry, toxicological profiling and efficacy tudies and serving the agrochemical, pharmaceutical, food and additives and other industries. JDM is accredited to GLP, ISO 17025 and recognised by the Department of Scientific & Industrial Research, Government of India. The company has filed for formulation patents and some have been already granted.

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AgroChemEx & IFAE & AgroTech 2019

AgroChemEx& IFAE& AgroTech is an annual agrochemical exhibition and symposium organized by China Crop

Protection Industry Association (CCPIA). With a focus on becoming an international platform for the agrochemical

business in China, AgroChemEx& IFAE& AgroTech attracted more and more agrochemical enterprises and purchasers.

AgroChemEx& IFAE& AgroTech 2019 will be held during 16th to 18th of October in Shanghai World Expo Exhibition

Center. With some 700 companies exhibiting over an area of 42,000 square metres, AgroChemEx& IFAE& AgroTech

tradeshow is frequented by over 20,000 professional buyers.

Opening Ceremony of AgroChemEx& CIFE& AgroTech 2018

Meet the Competitive Companies in the Right Place at the Right Time

16-18 October, 2019Shanghai World Expo Exhibition& Convention Center

You can have opportunity to talk with the decision-makers of enterprises;

You can be guaranteed a good price for autumn is the planning season for Chinese manufacture;

You can find the ideal supplier easily through our Procurement Matchmaking Program and Buyers Guide;

You can share the successful experiences of procurement/sourcing in China.

A one-stop procurement platform to promote the development of global agrochemical industry;

Displayed in different zones (Pesticide Zone, Fertilizer Zone, Machinery and Equipment Zone and Modern

Agriculture Zone);

The B2B Meeting strengthens the international information exchange between supply and demand of pesticides

and fertilizers.

Exhibitor Contact :

Jack Zhao

Email: [email protected]

Tiffany Zhang

Email: [email protected]

Daisy Fan

Email: [email protected]

Agrochemical Info Contact : Ellie Xu

Tel: 86 10 84885108

Email: [email protected]

Why attend

What the characteristics

19th Summit of Agrochemical Industry

Contact

Glance of the Fair

Date & Time Conference Venue

15th October09:00-17:00 Conference of Theme Sheraton Shanghai Hotel &

Residences

16th October09:00-17:30

The 14th International Conference on Crop Protection Sheraton Shanghai Hotel &

ResidencesThe 14th International Forum on Procurement and Service of Pesticides

16th October13:00-17:30 International Fertilizer and Soil Health Summit & B2B Meeting Shanghai World Expo Exhibition

and Convention Center

16th October15:30-17:30 International Agrochemical Buyers & Sellers Meeting Shanghai World Expo Exhibition

and Convention Center

17th October09:00-12:00 The 11th China Agrochemical Industry Summit Shanghai World Expo Exhibition

and Convention Center

Tel: 86 10 84885931

Page 47: Top 20 2019...2 / Top 20 2019 All of the top 20 agrochemical companies recorded higher sales in dollars in 2018, with only Sumitomo Chemical dipping in reporting currency terms. The

You can have opportunity to talk with the decision-makers of enterprises;

You can be guaranteed a good price for autumn is the planning season for Chinese manufacture;

You can find the ideal supplier easily through our Procurement Matchmaking Program and Buyers Guide;

You can share the successful experiences of procurement/sourcing in China.

A one-stop procurement platform to promote the development of global agrochemical industry;

Displayed in different zones (Pesticide Zone, Fertilizer Zone, Machinery and Equipment Zone and Modern

Agriculture Zone);

The B2B Meeting strengthens the international information exchange between supply and demand of pesticides

and fertilizers.

Exhibitor Contact :

Jack Zhao

Email: [email protected]

Tiffany Zhang

Email: [email protected]

Daisy Fan

Email: [email protected]

Agrochemical Info Contact : Ellie Xu

Tel: 86 10 84885108

Email: [email protected]

Why attend

What the characteristics

19th Summit of Agrochemical Industry

Contact

Glance of the Fair

Date & Time Conference Venue

15th October09:00-17:00 Conference of Theme Sheraton Shanghai Hotel &

Residences

16th October09:00-17:30

The 14th International Conference on Crop Protection Sheraton Shanghai Hotel &

ResidencesThe 14th International Forum on Procurement and Service of Pesticides

16th October13:00-17:30 International Fertilizer and Soil Health Summit & B2B Meeting Shanghai World Expo Exhibition

and Convention Center

16th October15:30-17:30 International Agrochemical Buyers & Sellers Meeting Shanghai World Expo Exhibition

and Convention Center

17th October09:00-12:00 The 11th China Agrochemical Industry Summit Shanghai World Expo Exhibition

and Convention Center

Tel: 86 10 84885931

Page 48: Top 20 2019...2 / Top 20 2019 All of the top 20 agrochemical companies recorded higher sales in dollars in 2018, with only Sumitomo Chemical dipping in reporting currency terms. The

China Agrochemicals Report(PDF version)

China Agrochemicals Report (monthly)◎ China Agrochemicals Industry News

◎ China Agrochemicals Main List Company News

◎ Latest China Industry Policy

◎ Special Industry Report

◎ New Project

◎ Statistics Data

◎ Price Data

◎ More newest market information via E-newsletter

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China Agrochemicals Report(PDF version)

China Agrochemicals Report (monthly)◎ China Agrochemicals Industry News

◎ China Agrochemicals Main List Company News

◎ Latest China Industry Policy

◎ Special Industry Report

◎ New Project

◎ Statistics Data

◎ Price Data

◎ More newest market information via E-newsletter

Telegraphic TransferBeneficiary: China Crop Protection Industry Association A /C No. 0200022309014426780 Bank Name: LIUPUKANG SUB-BRANCH, BEIJING BRANCH, INDUSTRIAL AND COMMERCIAL BANK OF CHINA Bank Address: NO. 1, LIUPUKANG 1# AREA, WEST CITY DISTRICT, BEIJING 100032, CHINA Swift Code: ICBKCNBJBJM

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48 www.agrow.com / Top 20 2019

Sumitomo Chemical’s agrochemical sales slipped by 0.2% to ¥278,909 million ($2,585.5 million at the current rate) in its fiscal year ended March 31st 2019. Sales were held back by extreme weather conditions in North America towards the end of the period and adverse exchange rates for the Brazilian real and the Indian rupee, the company points out. However, revenues rose in Brazil and India.

Agrochemicals accounted for 82.5% of Sumitomo’s health and crop sciences sector in fiscal 2019. The sector posted a 0.5% increase in revenues to ¥338,100 million and a drop in operating profit of some 55% to ¥19,700 million.

A 10% decline in agrochemical sales in North America was partly offset by gains in Europe and Japan.

All major product categories registered declines in sales. Insecticide sales were down by 3.2% to ¥110,273 million and accounted for 39.5% of the total.

During the year, the company introduced the fungicide, Intuity (mandestrobin), in Germany and Poland for the control of Sclerotinia stem rot (Sclerotinia sclerotiorum) on oilseed rape and the insecticide, Pleo (pyridalyl), in Mexico for lepidopteran pest control on vegetables. It also debuted a new liquid formulation of the herbicide, Fierce MTZ (flumioxazin), in the US. The expansion of the company’s biorational product portfolio continued with the launch of the S-abscisic acid-based plant growth regulators, Protone for use on grapevines in Brazil and ConShape for Christmas trees in Austria.

In Japan, product introductions included: the rice herbicide, Masurao (imazosulfuron + pyriminobac-methyl + fenquinotrione); the rice nursery box insecticide/fungicide, Hakoshougun (chlorantraniliprole + triflumezopyrim + isotianil + furametpyr); the garden fungicide, Nimaibar (benomyl + diethofencarb); and the garden insecticide/fungicide, Dantotsu Limber (clothianidin + furametpyr).

Sumitomo agchem sales dip in 2018/19

Sumitomo’s agchem sales by region (¥ million)Year ended March 31st 2018 ($ million)1 % change 2019 ($ million)1

North America 84,103 (779.6) -9.8 75,848 (703.1)

Japan 78,563 (728.3) +6.2 83,461 (773.7)

Asia (excluding Japan) 42,428 (393.3) -0.9 42,048 (389.8)

Europe 29,446 (273.0) +8.0 31,811 (294.9)

Others 44,944 (416.6) +1.8 45,742 (424.0)

Total 279,484 (2,590.8) -0.2 278,909 (2,585.5)1 at the current rate.

Sumitomo’s agchem sales by category (¥ million)Year ended March 31st 2018 ($ million)1 % change 2019 ($ million)1

Insecticides 113,896 (1,055.8) -3.2 110,273 (1,022.2)

Herbicides 72,848 (675.3) -5.2 69,047 (640.1)

Fungicides 36,770 (340.9) -7.7 33,928 (314.5)

Others 55,970 (518.8) +17.3 65,661 (608.7)

Total 279,484 (2,590.8) -0.2 278,909 (2,585.5)1 at the current rate.

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Top 20 2019 / 49www.agrow.com

Japanese company Ishihara Sangyo Kaisha (ISK) recorded a 6.6% drop in agrochemical sales to ¥46,500 million ($431 million at the current rate) in its fiscal year ended March 31st 2019. Domestic sales were flat but overseas sales declined. Gains in the Americas were more than offset by lower sales in the Europe/Africa region due to inventory adjustments. Exports accounted for 69.2% of sales compared with 71.5% in the prior fiscal year.

Fungicides remained ISK’s largest product category, accounting for 44.9% of agrochemical sales compared with 41.6% in the previous year. Insecticides made up 26.7% of the total (26.3% in fiscal 2018), followed by herbicides at 16% (18.9 %) and others 12.4% (13.2%).

ISK received approvals for the fungicide, pyriofenone, in Chile, Colombia, Honduras and Guatemala this year. It is under evaluation in Brazil and New Zealand.

The herbicide, tolpyralate, was approved in Mexico and the Philippines this year, with sales starting in Mexico. Sales began in

Argentina this year following approval in 2018. ISK applied for approval in Chile in 2016 and expects a decision this year. The herbicide is under evaluation in the EU, India, Brazil, Colombia, Russia, Ukraine and Belarus.

The insecticide, cyclaniliprole, was registered in Australia in 2018 and sales preparation is under way. It was approved in Mexico this year but has not yet been introduced. Cyclaniliprole is under evaluation in Brazil, Colombia, Guatemala, Honduras, Peru and Vietnam.

A new formulation of cyclaniliprole was registered in Japan this year as Double-trigger SL. Other domestic approvals in 2018/19 included the fungicide, Saikaku flowable (cyazofamid + chlorothalonil), and the herbicides, Garden ajiran SL (asulam) and Promise 1 kg GR (lancotrione sodium).

ISK is seeking to maximise sales volumes by further strengthening co-operation with newly established bases and subsidiaries. It is also focusing on establishing sales strategies tailored to specific regions.

ISK agchem sales down 7% in 2018/19

ISK’s agchem sales by region1 (¥ million)Year ended March 31st 2018 ($ million)2 % change 2019 ($ million)2

Japan 14,193 (132) +0.9 14,322 (133)

Europe & Africa 20,767 (193) -31.3 14,276 (132)

Americas 9,512 (88) +27.6 12,137 (113)

Asia excluding Japan 5,428 (50) +6.2 5,766 (53)

Total3 49,800 (462) -6.6 46,500 (431)1 calculated from reported percentages; 2 at the current rate; 3 may not add up due to rounding.

ISK’s agchem sales by category1 (¥ million)Year ended March 31st 2018 ($ million)2 % change 2019 ($ million)2

Fungicides 20,717 (192) +0.8 20,879 (194)

Insecticides 13,097 (121) -5.2 12,416 (115)

Herbicides 9,412 (87) -21.0 7,440 (69)

Others 6,574 (61) -12.3 5,766 (53)

Total3 49,800 (462) -6.6 46,500 (431)1 calculated from reported percentages; 2 at the current rate; 3 may not add up due to rounding.

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50 www.agrow.com / Top 20 2019

Nissan Chemical’s consolidated agrochemical sales (including some veterinary products) declined by 10.3% to ¥14,667 million ($138.5 million at the current rate) in the first quarter of its fiscal year ending March 31st 2020. Operating profit decreased by 11.9% to ¥4,526 million ($42.7 million).

Revenues from within Japan were “strong” owing to increased sales of the insecticide,

Gracia (fluxametamide), which was launched in May in Japan. Overseas revenues decreased

because of lower sales of the herbicide, Targa (quizalofop-ethyl), and other products.

Nissan agchem sales down 10% in Q1

Nissan Chemical’s consolidated agrochemical1 sales (¥ million)Quarter ended June 30th 2018 ($ million)2 % change 2019 ($ million)2

Sales 16,359 (154.4) -10.3 14,667 (138.5)

Operating income 5,216 (49.2) -13.2 4,526 (42.7)1 includes some veterinary products; 2 at the current rate.

Italian agrochemical company Isagro’s (Milan) miserable start to the year continued into the second quarter. Its agrochemical sales for the three months fell by 10.4% to €34.1 million ($37.6 million at the current rate). Sales of all products fell even more steeply, off 26.5% at €34.4 million ($38 million).

Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter almost plummeted 91% to some €798,000. They doubled in the same period last year. Earnings before interest and tax (EBIT) on all business turned negative, going from a profit of €6.5 million to a loss of €2.1 million.

Half yearAgrochemical business for the first six months of the year declined by 13% to €68.8 million. Total sales for the first half were off by 18% at €73.1 million.

Isagro rated the market “particularly unfavourable”, noting general downturns at distributor level (mainly in North America and Europe) and impacts from a “tightening of the regulatory picture” in Europe, with the “phase-out” of products in the EU. The company suffered from lower licensing business, and reduced sales of tetraconazole fungicide in North America, due to high stock levels as well as “adverse” weather conditions.

Isagro agchems fall 10% in second quarter

Isagro results (€ 000)2nd qtr ended June 30th 2018 ($ 000)1 % change 2019 ($ 000)1

Sales 46,837 (51,696) -26.5 34,403 (37,972)

Agrochemicals 38,024 (41,969) -10.4 34,079 (37,615)

EBITDA2 8,852 (9,770) -91.0 798 (881)

EBIT [loss]3 6,530 (7,207) na [2,064 (2,278)]

Six months

Sales 89,045 (98,283) -18.0 73,054 (80,633)

Agrochemicals 79,017 (87,215) -13.0 68,761 (75,895)

EBITDA2 13,348 (14,733) -62.7 4,974 (5,490)

EBIT [loss]3 8,755 (9,663) na [1,051 (1,160)]1 at the current rate; 2 earnings before interest, tax, depreciation and amortisation; 3 earnings before interest and tax.

EBITDA on all business fell by 62.7% to €5 million, while EBIT plunged from a positive €8.8 million to a loss of €1.1 million.

OutlookIsagro expects recovery in the fourth quarter, “following the progressive normalisation of external conditions”. It is targeting full-year sales “not far from” the level of last year with increased business from the Middle East, Africa and South America, against lower revenues from licensing agreements.

For next year, the company anticipates a boost from the launch of its fungicide, fluindapyr. It notes that the active ingredient was included in Brazil’s recent priority list for “fast-track” registration. Isagro is to focus long-term more on the development of biological products, it says.

Divestment of Isagro AsiaIsagro has agreed a deal to divest its India-based subsidiary, Isagro Asia, to Indian agrochemical company PI Industries for around $48 million.

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Top 20 2019 / 51www.agrow.com

American Vanguard’s crop protection sales rose by 1.5% to $95.9 million in the second quarter of 2019. Higher sales of herbicides and other products were partly offset by lower sales of insecticides. Total revenues, including non-crop business, grew by 5.7% to $113.1 million.

Insecticide sales fell by 5.2% to $36.5 million. Sales of granular soil insecticides were down by about 4% due to the weaker performance of Thimet (phorate), which is used mainly on peanuts and sugar cane, and Counter (terbufos), which is used primarily on maize and sugar beet. Business was adversely affected by weather-related application challenges, the company points out. However, sales of Aztec (tebupirimfos + cyfluthrin) were up by about 26% as distributors and retailers replenished stocks. There were also gains for the cotton insecticide, Bidrin (dicrtotophos), due to higher pest pressure.

Sales of herbicides, fungicides and fumigants increased by 7.1% to $37.2 million. Herbicide business was up by about 38%, largely due to the addition of the quizalofop-based Assure II products that were acquired from Corteva Agriscience in December 2018. Sales of Impact (BASF’s topramezone), Dacthal (chlorthal-diethyl)

and Parazone (paraquat) were flat or slightly higher than in the second quarter of 2018. The company saw higher international sales of the bromacil-based products, Hyvar and Krovar. Amvac posted “significantly lower” sales of the fungicide, chlorothalonil, due to abnormally high supply (from expedited pre-tariff importation) and pricing pressure in the face of seasonally normal demand.

Sales of other products (including plant growth regulators, molluscicides and toll manufacturing) rose by 4.6% to $22.2 million. There were lower sales of the cotton defoliant, Folex (tribufos), due to shipment delays but increased usage is expected in the third quarter.

Non-crop business grew by 36.6% to $17.2 million. That was due to increased sales of the mosquito control product, Dibrom (naled), higher pest strip sales and a “modest” increase from the OHP horticultural business.

Overall US business was flat, rising by 0.3% to $64.5 million. An 8.6% drop in crop product sales was more than offset by a 36.6% increase in non-crop business. Last month, the company lowered expectations for its second-quarter and full-year results due to the adverse weather conditions in

Amvac’s agchem sales up 2% in Q2

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the US that delayed or prevented planting throughout the Mid-West and south-eastern US.

International sales rose by 13.8% to $48.6 million. That was largely due to the acquisition of AgroVant and Defensive in Brazil and the Assure II herbicides.

Amvac recorded a 10.4% drop in gross profit for its crop protection business to $33.1 million and a 34.7% gain for that of its non-crop business to $8.6 million. Overall gross profit fell by 3.8% to $41.7 million. The gross margin for crop protection products was 35% (39% in the second quarter of 2018) and that for non-crop products was 50% (50%). The overall gross margin was 37% (40%) as the company began moderating

output to achieve significant second-half inventory reductions.

Six monthsCrop protection product sales fell by 1.3% to $183.3 million in the first six months of 2019. Insecticide revenues were down by 9.4% to $76.7 million. For non-granular products, a 50% gain from Bidrin was more than offset by reduced sales of abamectin due to regional weather issues and bifenthrin from generic pressures, Amvac points out. Sales of granular soil insecticides were down by about 14% due to lower sales of Thimet, Counter, Mocap (ethoprophos) and Nemacur (fenamiphos).

Sales of herbicides, fungicides and fumigants dropped by 3.5% to $68.7

million. That was largely due to lower sales of chlorothalonil while Impact and Dacthal were stable. Wet weather inhibited the application of Parazone and metam-based soil fumigants. Partly offsetting those declines were the acquisition of Assure II and gains for bromacil-based herbicides.

Sales of other products grew by 26.8% to $37.8 million. The sector benefited from the inclusion of the Brazilian business, modest gains for the AgriCenter business and improved sales of the plant growth regulator, NAA. Those gains offset lower first-half sales of Folex and reduced toll manufacturing activity.

Non-crop business expanded by 16.2% to $29.5 million. Total US sales fell by 6% to $126.1 million and international revenues rose by 12.6% to $86.7 million.

Gross profit slipped by 1.2% to $83.4 million, with that for crop protection down by 4.8% to $68.4 million and for non-crop business up by 19.6% to $14.9 million. The gross margin was 39% (40%), with that for crop protection products 37% (39%) and non-crop products 50% (49%).

OutlookAmvac expects to see a solid performance from its soil fumigants, cotton harvest products and its Central and South American businesses in the second half of the year. The company reiterates its full-year guidance of some $500 million in revenues and gross profit margins of around 38%. “Given the probable reduction of 2019 US harvest results and reduced levels of our products in channel inventory, the domestic market may be poised for a rebound in 2020,” says chairman and CEO Eric Wintemute.

American Vanguard’s results ($ 000)2nd qtr ended June 30th 2018 % change 2019

Sales 107,046 +5.7 113,104

Crop protection 94,443 +1.5 95,885

Non-crop 12,603 +36.6 17,219

Operating expenses 34,718 +1.9 35,362

Operating income 8,579 -26.7 6,291

Net income 5,564 -44.2 3,106

Six months

Sales 211,154 +0.8 212,780

Crop protection 185,761 -1.3 183,273

Non-crop 25,393 +16.2 29,507

Operating expenses 68,418 +2.5 70,162

Operating income 15,930 -17.2 13,193

Net income 10,169 -31.0 7,012

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MBI’s results ($ 000)2nd qtr ended June 30th 2018 % change 2019

Sales 5,752 +21.6 6,997

products 5,637 +22.1 6,882

licensing 115 - 115

Gross profit 2,722 +39.9 3,809

Net profit (loss) (4,870) na (6,752)

Six months

Sales 10,076 +55.9 15,713

products 9,861 +57.0 15,483

licensing 215 +7.0 230

Gross profit 4,804 +83.1 8,796

Net profit (loss) (10,127) na (10,669)

The US biopesticide company, Marrone Bio Innovations (MBI – Davis, California), registered a 21.6% revenue rise to some $7 million in the second quarter of 2019. Product sales rose by 22.1% to $6.9 million, while revenues from licensing were flat at $115,000.

The company recorded continued growth in the seasonally smaller specialty markets for trees, fruits, nuts, vegetables and grapevines. Significant uptake in various

nuts, strawberries, tomatoes and grapevines was driven by MBI’s BioUnite strategy, which offers growers unique combinations of bio-based crop protection products with chemical options in their IPM programmes, the company notes.

Growth was led by foliar applications of the bioinsecticides, Venerate (Burkholderia rinojensis strain A396), and Grandevo (Chromobacterium subtsugae strain

MBI sales up 22% in Q2PRAA4-1T), and the biofungicide, Regalia (Reynoutria sachalinensis extract).

Gross margins rose from 47.3% to 54.4% as a result of a favourable product mix. Gross profit was up 39.9% at $3.8 million, but the net loss was also up at $6.7 million. A $3 million increase in operating expenses was primarily driven by legal, accounting and acquisition-related expenses. Planned investments in strategic research and development programmes and employee-related expenses also led to the higher level of spending

Six monthsFor the first six months of the year, revenues rose by 55.9% to $15.7 million. Product sales were up by 57% to $15.5 million and licensing revenues were ahead by 7% to $230,000. Sales doubled in the first quarter, led by sales of Venerate for foliar applications in vegetables and for soil- and seed-applied applications in row crops.

The gross margin rose from 47.7% to 56%. Gross profit jumped by 81.3% to $8.8 million, while the net loss was slightly up at $10.7 million.

MBI has entered into a definitive agreement for the acquisition of Pro Farm Technologies OY. That will expand the company’s portfolio of bio-based products for IPM and plant health, MBI says.

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Speakers at the Agchem Forum this month welcomed advances in the adoption and improvements in the regulation of low-risk substances, while demanding structural changes. Each speaker stressed that the matter should not be misunderstood as referring to biologicals – these low risk active ingredients can be biological or chemical that meet legal criteria.

Dr Bernd Brielbeck from German regulatory consultancy, SCC, contrasted the paucity of approved active ingredients as low-risk substances with the growth in such approvals. There are 16 low-risk ais approved in the EU compared with 440 conventional ais and 20 basic substances. However, that is double the number of eight last year.

Robt van Drent of the Dutch regulator, the Ctgb, challenged the figures, claiming that the figures were higher. “There are officially 16 approved low-risk substances in the EU, but two were voted through by standing committee in July and will probably be published this month, taking the total to 18, while there are another 58 potential low-risk ais,” he says. The latter are those approved under the previous system that did not categorise low-risk ais. The Dutch regulator also challenged the term low risk,

noting that hazard-based cut off criteria are used to define them.

Dr Brielbeck gave a broad perspective from treaties and laws over decades to new moves such as EU-mandated national action plans towards more sustainable use. A framework has been constructed largely over 30 years. However, the constitutional basis incorporates the Paris Summit of 1972, as well as the Maastricht and Lisbon Treaties of 1992-2009. From those came the free movement of goods upon which mutual recognition is based. Over 20 years, environmental directives and regulations were passed to protect wild birds and habitats.

In Germany, issues arising from the most recent re-approval for glyphosate herbicide led to a biodiversity law. “BVL approvals were limited until the end of this year, particularly for herbicides and insecticides, because the environmental agency would not approve beyond that on biodiversity issues. A German court has recently found that this was not a legal issue and has halted these limitations of approvals for now,” Dr Brielbeck noted.

“The Water Framework Directive moved gradually into our industry legislation as did

Low-risk ais in the EU: Slow but sure progress

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that for Persistent Organic Pollutants [POPs] with their impact on cut-off criteria,” he pointed out.

“The timeframe is approximately two decades until 2009 and several new legislation including the current EU agrochemical registration Regulation 1107/2009. The subsequent last decade has seen things moving faster, if not fast enough,” Dr Brielbeck averred. “These include legislation not directly related to our industry, such as the Circular Economy Strategy of 2015 [covering production, use and waste management], which was a tool used to introduce fertiliser regulation leading to biostimulants not being allowed for dual use.”

But Regulation 1107/2009 introduced the low-risk category, which grants benefits such as a longer 15-year approval period, he noted. “Regulation 2017/1432 [introducing legislation for low-risk substances] amended 1107/2009 to be more usable and account for special situations that have arisen, while EPPO [European and Mediterranean Plant Protection Organisation] guidelines PP 1/296 introduced lower efficacy requirements for low risk products.”

Mr van Drent gave a less broad perspective, looking at legal framework and criteria for such substances, the Ctgb’s experience, and forthcoming challenges.

Regulation 1107 seeks to favour the inclusion of “low-risk” ais, and incentivise the placing on the market of low-risk products. The ais must first meet general criteria for ai approvals, then additionally meet further criteria for low-risk ais. Products based on them would be expected to be rated as low risk.

The low-risk criteria were incorporated into legislation in 2017, are hazard-based and come in two sets: for chemicals and micro-organisms. Those for chemicals are several, but for micro-organisms only one, namely based on microbial resistance.

Potentially low riskThe Dutch regulator highlighted the non-legal category of “potentially low-risk” ais. “During my time at the Commission we realised that low-risk PPP concept was gaining political traction but few approvals existed for low-risk ais or products. But that was partly due to ais already being approved under the old

Directive 91/414 which lacked low-risk ais as a concept,” he noted. Low-risk products must contain only low-risk ais, not include any risk mitigation measures following risk assessment, and not contain a substance of concern such as a co-formulant.

“But there are many ais up for re-approval which may be renewed as low risk,” he added. The Commission then considered ways of adding ais to the list of low risk without going through a reapproval, but it was legally unsound. So, we created a list of those we considered likely to be reapproved as low risk. There are 58 of those, including micro-organisms and naturally derived substances.

On this basis, the numbers are far greater. As well as the 16-18 approved low-risk ais, the total including the 58 potentially low-risk ais is 76. That would account for 16% of all approved ais in the EU, Mr van Drent calculated. He emphasised that the number was an estimate and had no legal backing.

The 18 include: nine fungicides, six elicitors, and one each of insecticide, nematicide and molluscicide. There are 75 approved low-risk products taken from data in a 2018 study in 22 of the 28 EU member states. “That’s quite low among thousands of approved products.” He also cited statistics calculating how many cumulative ais are approved that qualify not only as low risk but also basic, semiochemical, plant extract and micro-organisms. The numbers came to 120 this year, a gradual rise from just under 80 in 2014.

Mr van Drent noted some of the Regulation’s incentives for low risk approvals. Low-risk ais gain on first approval, a 15-year authorisation rather than ten for other products, while products enjoy 13 years of data protection against ten for non-low risk products, a fast track authorisation procedure of 120 days plus six months for need of additional data and the right to mention status in advertising.

Timeline experienceMr van Drent calculated the timelines for approved ais “in the past few years” of about eight of the 16 low-risk ais – the other were reapprovals “so of less relevance in calculating timelines”. From dossier to admissibility took typically five months, and from admissibility of the dossier to approvals, some 37 months. They consisted of 15 months for risk assessment, 12 months EFSA conclusions,

and ten months to decision and publication. “These are within the legal timelines, but unfortunately there is no clear trend downwards,” he noted.

EPPO guidance on efficacy evaluation on low-risk products was delivered in 2017 – a guidance document on low-risk ais and products and on antimicrobial resistance in microbial products. Each remain in development, and the EPPO is working a revision of uniform principles and data requirements for micro-organisms. The guidance document of antimicrobial resistance in microbial-base products is being worked on by an EU working group on biopesticides. “In 2013, there was lots of discussion on micro-organisms, and agreement that a criterion should be included. That became the antimicrobial resistance criterion but that created questions such as ‘what is resistance?’.” The authorities expected that many micro-organisms would qualify as low risk with only needing to meet one criterion.

Since the updated criteria have been followed, the Ctgb has granted approvals to 28 products based on low-risk ais, and 15 “officially” low-risk products.

BiologicalsDr Brielbeck pointed out that drivers of data requirements are negative: fear and the precautionary principle. “And they come from chemicals, so the default issue is a chemical one. In the case of secondary metabolites in microbials, as well as for other low risk substances, a more positive approach would be helpful,” he complained.

The European Parliament has replaced the Commission as the driver for low-risk approvals, Dr Brielbeck identified. That includes a parliamentary resolution in February this year. MEPs see that current regulations do not fit biologicals, as they were made for chemicals. The Parliament regrets the low availability of low-risk ais. “We agree concerning how many there are, but not if you consider the growth of approvals.” MEPs also find that the lengthy authorisation process needs to be remedied, with the shorter 120-day authorisation process for such ais rarely met at member state level. However, Dr Brielbeck counters MEPs’ perception that insufficient funds are going into research, citing Horizon 2020.

The Dutch regulator noted that biologicals are just a category or categories of low-risk

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56 www.agrow.com / Top 20 2019

requirements, and the latter demanding lower data requirements and registering within one year. EU approvals for bio-medicines were taking “just 150 days” with the “help of sensible data packages”, she noted. However, she reported that the Commission found the issue of provisional approvals as “quite a sensitive subject” and “scary”.

She congratulated the Ctgb, highlighting its “Green Team” taking a “proactive approach to improving dossier preparation. Ms Lewis also noted that the Commission is investing in the recruitment of biological experts, and “that will be important”. She also noted that derogations “were possible”, citing the example of Germany’s use of Article 53 for wireworm protection in potatoes based on metarhizium.

Ms Lewis said that “huge progress” had been achieved on dedicated uniform principles and data requirements, the recruitment of specialist evaluators, while the feedback from the Commission on provisional authorisations was that they did not want them, “but we’ll keep trying”.

“A separate biological regulation is the goal, but it is some way off and 2030 is in our sights.”

“Legislative process takes time [across products and ais]; and most is spent on active substance approval,” the Ctgb’s Mr van Drent noted. “The best chance to speed up approvals is on the application for the ai, as that for products are moving faster.” He advises submitting the best quality of dossier to avoid requests for more data, and to submit a “critical mass” of applications, particularly of chemicals, so that authorities plan and invest in expertise.

Ms Lewis conceded to a question from the floor that there was a wide spectrum of capabilities among small biologicals companies submitting applications. A regulator complained that submissions were often of far lower quality than those from chemicals applicants.

IPMDr Brielbeck highlighted the 2006 Thematic Strategy on sustainable use of pesticides. As well as Regulation 1107/2009, it brought Regulation 1185/2009 concerning statistics on pesticides, “which are becoming increasingly important”, and of “utmost importance”, the Sustainable Use Directive

2009/128. “The introduction of IPM is the SUD’s chief significance,” Dr Brielbeck declared. “It reduces risk while maintaining a place for chemical ais.” IPM has been mandatory for all professional users since 2014, he added. “Most member states have attempted to integrate IPM.”

Regulation 1107 being amended by political pressureThe EU Parliament rates Commission and member states’ current practices on approval of ais and plant protection products are not compatible with SUD Directive objectives. MEPs have found that the implementation of SUD is “not sufficiently aligned with… policies on pesticides… notably but not exclusively the CAP and [1107]”.

The SUD commands member states to issue national action plans (NAPs) that encourage IPM. A 2018 review is instructive of progress, Dr Brielbleck said. “I find the plans from Portugal and France interesting. They explicitly mention low risk ais, supporting their NAPs in a positive way. In Portugal, low-risk products accounted for some 20% of sales in 2017. That is despite there being only 7.5% of ais in low risk products today – and fewer in 2017 – so that is impressive.

Bulgaria, Hungary, Ireland and Spain do not meet SUD criteria. “What can be done? They can lose funding, and the Commission can take ‘appropriate legislative proposals’, and have done so.”

Harmonised risk indicatorsCommission audits of member states have led to harmonised risk indicators that define permitted application rates. A low-risk ai has an impact point of one, while a “normal, conventional” chemical has an impact point of eight. “So, you can apply eight times more with low risk ai than with a normal one.” Dr Brielbeck added that for an ai that is rated as carcinogenic, reprotoxic or an endocrine disruptor – not cut off – gets a impact point of 16, while emergency approvals “which the Parliament is not happy about” gets an impact point of 64.

“I believe the developments with 1107 on low risk ais is a very positive development, and in the numbers generated with doubling of approved ais in past year.”

* The Chemicals in Regulations Agchem Forum was held in Barcelona on September 11-12th in Barcelona, Spain.

ais. “While low risk is not a homogenous group, biologicals are a prime candidate group for such approvals, and it is best to focus expertise on specific categories.”

The Ctgb has formed a special team of risk assessors ¬– the Ctgb Green Team ¬ focused on biopesticides. They focus on micro-organisms, pheromones and plant extracts. It has launched evaluation manuals and workshops for biopesticides; has discussed the usability of studies in dossiers submitted to US EPA when they fit EU data requirements; and charges lower fees as the assessments are shorter. Despite investing in fast track timelines, these are neither being met in the Netherlands, nor in the EU. “But we are going beyond the rules to invest in that.”

Jennifer Lewis from the International Biocontrol Manufacturers Association (IBMA) noted that the biologicals market has enjoyed a 13% compound aggregate growth rate in the past five years, and anticipates similar growth for the next five years.

The IBMA published a white paper for a “proportionate regulation”, advocating a twin track approach. “The European Commission President elect, Ursula von der Leyen, is advocating a move towards agriculture based on low risk ais and biologicals, and asking: ‘how do we get to more sustainable agriculture?’,” Ms Lewis noted.

The twin-track approach focuses on data requirements and a new regulation for the approval of biological products. She claimed that there was general agreement that the data requirements in Regulation 1107 are “inappropriate for biologicals”, as are test methods designed for chemicals. She also complained about a lack of expertise among evaluators who are experienced in chemicals.

The Commission has asked industry about what are the main risk areas, and working groups are developing advice. “Creating a new regulation will take time,” she said. The industry representative is targeting “before 2030”.

The White Paper is: looking at other competent authorities outside of the EU; at other regulated products in the EU; regulations for products from small and medium-sized companies; and at speedy approvals and provisional authorisations.

She highlighted Australia and the US, with the former recognising flexibility in data

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Top 20 2019 / 57www.agrow.com 54 www.agra-net.com/ Agrow Top 20 and company results

Company Name Address Telephone Web addressAgro Dragon Group 9F Shuangge Mansion, No.438, Pudian

Road, Pudong New Area, Shanghai 200122, China

+86 215 1172566 www.agrodragon.com

Anhui Fengle Agrochemical Co.,Ltd No. 4 Chuangye Road, Hefei City, 230031, P.R China

+86 551 65360940 www.fengle-agrochem.com

Anhui Guangxin Agrochemical Co., Ltd. Caijiashan Pengcun Village, Xinhang Town, Guangde, Anhui, 242235, China

+86 215 0817211 www.chinaguangxin.com

Anhui Huaxing Chemical Co.,Ltd No. 6 Hongfeng road, Hefei City, Anhui Province, 230088, P.R. China

+86 551 65848156 www.huaxingchem.com

CAC Group Co., Ltd No. 785 China Zhai North Road, Changning District, Shanghai, 200335, China

Tel: +86 216 2398696 www.cacch.com

Eastchem Co.,Ltd. Floor 26, Haoyuan Mansion, No.266, Middle Tongjiang Road, Changzhou, Jiangsu, China

+86 519 68786699 www.eastchem.net

Fuhua Tongda Agro-Chemical Technology Co., Ltd.

Qiaogou Town, WuTongqiao District, 614800 China

+86 216 8865055 www.fuhua-tongda.com

Golden Harvest Chemical Co., Ltd. Rm 10C Top Boss Bldg, 159 Handan Road, Shanghai, PR China

+86 216 5520181 www.goldenharvest-chem.com

Guangxi Tianyuan Biochemistry Co., Ltd.

Kaifeng City, Henan Province, Weishi County Industrial Development Zone, China

+86 771 2310509 www.gxty.com

Hailir Pesticides And Chemicals Group Co., Ltd.

2nd Floor, Hailir Mansion ,No.216, Guocheng Road, Chengyang District, Qingdao, 266109, China

+86 216 032 5568 www.hailir.cn

HangzhouUdragon Chemical Co., Ltd. No.172,ZhangjiadunRoad, Tangxi Development Zone, Hangzhou, Zhejiang, China

+86 571 89287689 www.udragon.cn

Hebei Veyong Bio-Chemical Co., Ltd. China +86 311 85915963 www.veyong.com

Hubei Sanonda Co., Ltd. No. 93 Beijing East Road, Jingzhou City, Hubei Province, 434 001, China         

+86 071 68314802 www.sanonda.cn

Hunan Haili Chemical Industry Group Co., Ltd.

No.251, 2nd section, Furong(M) road, Changsha, Hunan, China

+86 731 85540475 www.hnhlc.com

Jadesheen Chemical Co., Ltd 901, No.299 North Tongdu Road, jiangyin, Jiangsu, 214440 P.R. China

+86 510 86005061 www.jadesheen.com

Jiangsu Changlong Chemicals Co., Ltd. No. 1229, Changzhou New District, Jiangsu Province, the Yangtze River Road, 213033, China

+86 519 68867715 www.jschanglong.com

Jiangsu Changqing Agrochemical Co., Ltd.

1 Jiangling Road, Putou Town, Jiangdu District, Yangzhou City, Jiangsu, 225218, China

+86 514 86421237 www.jscq.com

Jiangsu Fengshan Group Co., Ltd. 1903 Central International Plaza, 105-6 North Zhongshan Road, Nanjing, China

+86 258 6558671 www.fschem.com

Jiangsu Flag Chemical Co.,Ltd Changfenghe Road, Nanjing Chemical Industry Park, Luhe District, Nanjing, 210047, P.R.China

+86 255 8375015 www.flagchem.com

Jiangsu Good Harvest-Weien Agrochemical Co., Ltd.

Laogang,Qidong city Jiangsu China(Binjiang chemical industry park, Qidong, 226221, China

+86 513 83885555 www.good-harvest.cn

Jiangsu Huifeng Agrochemical Co., Ltd. No. 92 People's Road, Dafeng City in Jiangsu Province, 224100, China

+86 515 83252118 www.hfagro.com

China Company List

FINAL-Agrow_Top20-30082016.indd 54 30/08/2016 11:55:27

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Company Name Address Telephone Web addressJiangsu Institute Of Ecomones Co.,Ltd. 95 Huanyuan N. Road, Economic

Development Zone, Jintan, Jiangsu 213200, China

+86 519 82824504 www.jsmone.com

Jiangsu Kesheng Group Co., Ltd. No. 888, Yanhuai Road, Jianhu County, Jiangsu, 224700, China

+86 515 86267666 www.kesheng.com

Jiangsu Lanfeng Biochemical Co., Ltd NO.120, Xinyi Xin'anlu, JiangSu Province, 221400, China

+86 516 88923437 www.jslanfeng.com

Jiangsu Sevencontinent Green Chemical Co., Ltd.

Dongsha Chemical Zone, Zhangjiagang,jiangsu Province, China

+86 512 58609901 www.sevencontinent.com

Jiangyin Suli Chemical Co., Ltd 7-1, Runhua Road, Lingang Street, Jiangyin City, Jiangsu, 214444, China

+86 510 86631388 www.suli.com

Jiangsu Sword Agrochemicals Co., Ltd. No.1008 Guanhua Road (east), Jianhu, Jiangsu, 224700, China

+86 515 86252132 www.swordchem.com

Jiangsu Tianrong Group Co., Ltd. 147 Pingling East Rd. Liyang City, Jiangsu Province, China

+86 519 7299384 www.jstrgf.com

Jiangsu Yangnong Chemical Co.,Ltd 39 Wenfeng Road, Yangzhou Jiangsu, China

+86 514 85889958 www.yangnong.net

Jiangsu Yongan Chemical Co.,Ltd Xuehang Chemical Industrial Park, Lianshui County, Jiangsu Province, 223400, China

+86 574 87065196 www.yachemical.com

Jiangyin Milagro Chemical Co., Ltd RM 1205 Kaisa Plaza, 1091 East Renmin Road, Jiangyin, Jiangsu, China

+86 510 80618091 www.milagrochem.com

China Company List

FINAL-Agrow_Top20-30082016.indd 57 30/08/2016 11:55:33

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Top 20 2019 / 59www.agrow.com 58 www.agra-net.com/ Agrow Top 20 and company results

Company Name Address Telephone Web addressJingbo Agrochemicals Technology Co., Ltd.

Economic Development Zone, Boxing County, Shandong Province, China

+86 543 2510800 www.jbnh.cn

JRB Packaging Co., Ltd. No. 268, Huangpu River Road, Kunshan City, Jiangsu Province Economic and Technological Development Zone, 215300, China

+86 512 57718695 www.jrbpack.com

King Quenson Industry Group Ltd. Room 1402, Block A, Future Plaza, Qiaocheng Bei Road, Nanshan District, Shenzhen City, Guangdong, China

+86 755 86612760 www.kingquenson.com

Kingtai Chemicals Co., Ltd 9F, Huarong Times Mansion Hi-tech Development Zone, Binjiang, Hangzhou, China

+86 571 87110716 www.kingtaichem.com

Lianhetech 8 Yongjiao Road,Huangyan Economic Development Zone, Taizhou City, Zhejiang Province, 318020, China

+86 576 8427 5170 www.lianhetech.com

Lier Chemical Co., Ltd. Economic and Technical Development Zone, Mianyang, Sichuan, 621000, P.R.China

+86 816 2547206 www.lierchem.com

Limin Chemical Co., Ltd. Economic Development Zone, Xinyi Jiangsu Province, China

+86 516 88923527 www.chinalimin.com

Maxunitech Inc. No. 603, Binkang Road, Hangzhou, Zhejiang Province 310052, P.R. China

+86 571 28007880 www.maxunitech.com

Nanjing Essence Fine-Chemical co., Ltd.

9th floor, No. 58 Nanhu Road, Nanjing, 210017, China

+86 258 6518999 www.essencechem.com

Nanjing Red Sun Co. ,Ltd. No. 589 Zhushan Road, Jiangning District, Nanjing 211112, China

+86 258 7151768 www.chinaredsun.com

Nantong Jiangshan Agrochemical&Chemicals Co., Ltd.

No.35 Yaogang Road Nantong Jiangsu Province, 226006, China

+86 513 83513131 www.jsac.com

Noposion Agrochemicals Co., Ltd 113 Iron Kong Resevoir road, Shenzhen Bao'an District, 518102, China

+86 755 29977288 www.noposion.com

Nutrichem Company Limited Building D-1, Dongshen Science Park, No. 66 Xixiaokou Road, Haidian District, Beijing 100192, P.R.China

+86 108 2819999 www.nutrichem.cn

Qingdao Hansen Biologic Science Co., Ltd.

5th Floor, District A, No.3 Building, Shilaoren Technical Innovation Park, No.143, Zhuzhou Road, Laoshan District, Qingdao, 266101, China

+86 532 85766777 www.qdhansen.com

Psyche Chem Group Room 906, 555 Nanjing Road (West), Shanghai, 200040, China

+86 216 136 7911 www.psychem.com

Shandong Binnong Technology Co., Ltd.

No. 518, Yongxin Road, Binbei Town, Binzhou City, Shandong Province, China

+86 543 3368839 www.binnong.com

Shandong Cynda Chemical Co., Ltd. Floor 6, Building D, In-hi tech Square, No. 2008 Xinluo Street, Jinan, Shandong, China

+86 531 88873317 www.cynda.cn

Shandong Huayang Science And Technology Co., Ltd.

China +86 800 8607399 www.huayang.com

Shandong Luba Chemical Co., Ltd. 18th Floor,Building A , Fengrun Business Plaza, No.100 South Gongye Road, Jinan, China

+86 531 81795399 www.lubachem.com

Shandong Qiaochang Chemical Co., Ltd.

China +86 543 2226170 www.qiaochang.com

Shandong Vicome Greenland Chemical Co., Ltd.

Jinan City, Shandong Province Zhangqiu Mateo Town Industrial Park, 250204, China

+86 400 618 6178 www.greenlandchem.com

China Company List

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Company Name Address Telephone Web addressShandong Weifang Rainbow Chemical Co., Ltd.

19th & 20th floor, Hanyu Financial Centre, Building A3-4, No.7000 East Jingshi Road, Jinan, China 250101

+86 531 88875225 www.rainbowchem.com

Shenzhen Baocheng Chemical Industry CO.,LTD

A1603 Tian An Plaza,Remin Nan Road, Shenzhen, P.R.China

+86 755 82192178 www.baochengagro.com

Sino Agro Chemical Industry Ltd Rm.2204-05, Tower 4, Excellence Century Center, Fuhua 3rd Rd., Shenzhen, P.R. China P.C.:518084

+86 755 82389033 www.sinoagrochem.com.cn

Sinochem Agro Co.,Ltd 17-19th., No. 33 He Nan Road(S), Shanghai, 200002, China

+86 216 1381888 www.sinochemagro.com

Suzhou Eagro Limited Suite 902, Metropolitan Towers A, 199 Shishan Road, Suzhou 215011, China

+86 512 6818 8055 www.eagro.net

Tide group 7th floor Anno Domini Building Tower South 8 Qiushi Road Hangzhou 310013 China

+86 571 85270003 www.tide-china.com

Trustchem D/23rd Floor Golden Eagle International Plaza, 89 Hanzhong Rd., Nanjing, 210029, China

+86 258 4729803 www.trustchem.com

Wynca - Zhejiang Xinan Chemical Industry Group Co., Ltd.

Xinanjiang, Jiande, Zhejiang, P.R China P.C 311600

+86 571 87220464 www.wynca.com

Yifan Biotechnology Group Co., Ltd. Room NO.1405 Development Mansion New city Avenue, Wenzhou City, Zhejiang Province, China

+86 577 86636638 www.chinayifan.com

Yongnong Biosciences Co., Ltd. No.3 Weiqi Rd(East), Hangzhou Gulf Fine Chemical Zone ShangYu, ZheJiang, China

+86 575 82728868 www.yongnongbiosciences.com

Zhejiang Biok Chemical Co.,Ltd. Rm.1558 ,Beijing New Century Office Buliding,No.6 Southern Road, Capital Gym,Beijing,P.R.China

+86 106 8492166 www.biokchemical.com

Zhejiang Heben Pesticide&Chemicals Co., Ltd.

Yanjiang Industrial Area, Lucheng District, Wenzhou City, Zhejiang Province, China

+86 577 55882935 www.hb-p.com

Zhejiang Jinfanda Biochemical Co., Ltd.

22Floor, Tower B, New Youth Plaza, No. 205 Yingchun Rd.S, Tonglu, Zhejiang, China

+86 571 89803290 www.jinfanda.com

Zhejiang Zhongshan Chemical Group Stock Co., Ltd.

2303# Taihu Avenue, Chanxing County Economic Development Park, Zhejiang, China 313100

+86 572 6121387 www.zschem.com

China Company List

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