This report is dedicated to China's pesticide sector outlook in 2005. It focuses on the demand and supply analysis of pesticide. It presents our views on what a valuable pesticide firm is, and lists some key companies worth investors' attention as well.
Encouraged by favored policies from central government in 2004, China's crop planting areas have been effectively expanded and the farmers' enthusiasm in crop planting improved obviously. As investment in prevention and cure of plant diseases, insect pests and weeds has increased considerably, China's farmers have achieved high crop yields and revenues. Benefiting from the prosperity of agriculture, strong demand for pesticides emerged and China's pesticide industry began to recover. The overproduction of pesticides has been kept within limits, products structure has been optimized, and export trade of pesticides has continued to prosper. The industry is performing better than before.
In 2005 domestic pesticides supply is likely to drop. With the farmers' rising enthusiasm in crop planting, displacement of high poisonous pesticides, the still serious problems of plant diseases, insect pests and weeds, and continuing rapid growth of pesticides export, demand for pesticides will remain strong in 2005. We believe the pesticide sector will continue to recover and prosper in 2005.
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