Chinese agrochemical market stays strong
The Chinese agrochemical market was worth $2,095 million at the provincial wholesale level and $2,421 million at the retail level in 2006, says marketing and consultancy company ARN. The value of the market rose by 11.6% on the previous year in US dollars and by 8.7% in Chinese yuan, due to the 2.6% revaluation of the Chinese currency. This is the third consecutive year that the China market has maintained such a high rate of growth. Foreign pesticide brands continued to grow at a faster rate than domestic products and achieved a 12.8% increase in value in 2006.