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Glyphosate drags Wynca down 7% in 2010

Chinese company Zhejiang Wynca Chemical saw agrochemical sales for 2010 continue to slide, down 7% to Yuan 1,873.5 million ($286.5 million at the current rate). The company attributes the fall in sales to the continued downturn in the glyphosate herbicide sector, which was reflected in “low product margins, limited international demand and serious oversupply” for the company’s largest pesticide product. Wynca’s 2009 agrochemical sales plunged 60.7% to Yuan 2,014.1 million ($308 million - Agrow No 589, p 9)

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