Chinese pesticide output up 23% in H1
The gross industrial output of the Chinese pesticide industry during the first half of 2011 was valued at Yuan 98,110 million ($15,378 million at the current rate), an increase of 22.6% over the same period last year, reports the Chinese Crop Protection Industry Association. The data were collected from 773 Chinese pesticide manufacturers. Some 90.2% of the total industrial output value was accounted for by chemical pesticides, while the remaining 9.8% was attributed to biopesticides. The first half saw a product sales rate of 96.7%, up 1.4 percentage points over the same period last year. The first half saw 83 companies make a loss, with total losses amounting to Yuan 370 million ($58 million), over double last year’s figure. Pesticide sales during the period amounted to Yuan 91,970 million ($14,415.4 million), an increase of 25.9%, and net profit for the 773 companies to Yuan 5,370 million ($841.7 million), a rise of 17.2%.