Hokko slips in fiscal 2013
Japanese agrochemical company Hokko Chemical Industry recorded a 1.8% decline in agrochemical sales to ¥27,469 million ($269 million at the current rate) in its fiscal year ended November 30th 2013. The company attributes the downturn to lower rice herbicide sales, particularly for its main product, A-one (oxaziclomefone + tefuryltrione). Modest rises in insecticide and fungicide sales could not offset a 9.2% reduction in herbicide sales during the year. The company is introducing a new rice herbicide, Winner (ipfencarbazone + bromobutide + bensulfuron-methyl).