subject: Research Report On Chinese Avermectin Industry 2009-2010----aarkstore Enterprise [print this page] Avermectin is a new antibiotic used for agriculture and animals. It has high bioactivity on mites and pests of many crops. It is also an ideal antibiotic insecticide and acaricide. It is broad-spectrum, highly effective, low residual and safe for people, animals and environment. In the first half of 2009, the prices of Chinese avermectin products continued to rise. Compared with the beginning of 2009, the price growth rate at the end of June rose by 50%. The sales status of avermectin products was much better compared with many other insecticide products. The main reasons for the price growth in Chinese market in the first half of 2009 are as follows:
1. After the prohibition of 5 hypertoxic pesticides, avermectin began to develop rapidly and its dosages were increased gradually. It had become a common pesticide in China.
2. Active Pharmaceutical Ingredients (API) producers adjusted the prices according to market supplies and demands. But the current production capacity of avermectin didn't increase significantly.
3. In 2009, the pesticide preparation producers had large demands for avermectin APIs. The purchase quantity of avermectin APIs in 2009 was several times that of the previous years, increasing the price of avermectin stock solution.
4. To promote the marketing of rice, cotton and other cash crops this year, many preparation producers used avermectin on rice leaf rollers, diamondback moths of crucifers, asparagus caterpillars, and cotton bollworms and so on, increasing the demands for avermectin. Therefore, the price of avermectin grew obviously.
Though Chinese avermectin products performed outstandingly on both supply and marketing in the first half of 2009, it is estimated that the price growth rate in the latter half year will drop as the price has grown too fast. Due to the unsuitable usage of avermectins by farmers, pests have significantly strengthened their resistance capacities against avermectin products, which would speed up the development and promotion of substitutes. Therefore, the avermectin pesticide industry will face both opportunities and challenges in the next few years.
