China increases pesticide export rebates
The Chinese Ministry of Finance and the country’s State Administration of Taxation have raised the export tax rebates for a number of mainstream pesticide active ingredients, effective from January 1st. Export tax rebates for the herbicides, 2,4-D and dicamba, and the fungicides, difenoconazole, tebuconazole and carbendazim (among others), have been increased to 13%, with rebates for the biopesticide, Bacillus thuringiensis, increasing to 17%. The China Crop Protection Association reports that the increased rebates affect some 80 ais, and that the measure will help to stimulate pesticide exports in an increasingly competitive market. China cancelled export rebates for over 50 ais, including for the herbicide, glyphosate, in 2010 . China market analysts suggest that increasing dicamba export rebates from 9% to 13% will increase export demand for the ai.