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Glyphosate boosts Xin'an's agchem sales

Chinese agrochemical company Zhejiang Xin'an Chemical (Jiande) recorded sales of Yuan 6,043.4 million ($881.4 million at current rate) in the first three quarters of 2008, more than double last year’s figure. Agrochemicals usually account for 70-80% of the company's total consolidated sales. Zhejiang Xin’an attributes the growth in sales to the expansion in production capacity of the herbicide, glyphosate, and the recent rise in its sale price after a sharp fall at the beginning of the quarter ( Agrow No 553, p 7).


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