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Yangnong slips 3.2% in Q1

Chinese agrochemical company Jiangsu Yangnong Chemical had a slow start to 2014, recording a 3.2% decrease in sales to Yuan 853.4 million ($137.1 million at the current rate) in the first quarter of the year. Despite the small dip in sales, net profit for the period rose by 16.8% to Yuan 115.1 million ($18.5 million). Yangnong Chemical is one of China’s top five producers of the herbicide, glyphosate, and its 2013 agrochemical sales increased by more than a third (36%) to Yuan 2,974.2 million ($477.7 million - Agrow No 685, p 9).


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