Along with the cancelation of BCPC meeting in Glasgow, this year's AgrochemEx in Nanjing is expected to attract 40% more exhibitors and visitors from domestic and all over the world. AgrochemEx will become another main event for agricultural industry in China, follows after CAC Shanghai, which will held in March annually.
The organizer China Crop Protection Industry Association (CCPIA) has announced that 2009's AgrochemEx will be moving from Nanjing to Shanghai for its strategic location. It will be held at Shanghai Everbright Convention Centre from 28-30th October 2009, which will likely increase the number of participations across the regions. Psyche Chemicals will be taking part in both exhibitions CAC and AgrochemEx during the spring and fall, we welcome all agrochemical industrial friends to visit us in the fairs.
Focus Shifts To AgrochemEx Nanjing in 2nd Half 200
China has been the "world factory" and biggest manufacturer of agrochemicals in global regions. We believe that the cancellation of BCPC congress will shift international focuses of agrochemicals to the AgrochemEx in Nanjing , China , as to be annually held at the same period in October.
This year, as usual, Psychem will attend the conference in Nanjing (19-21 Oct 2008), and we welcome all international industrial friends to meet us at our VIP room No.11 (Ground Floor, Nanjing International Exhibition Center ). AgrochemEx has attracted participation of most manufacturers in China and overseas visitors yearly. In future, there will be two important conferences at two seasons — CAC ( Shanghai ) in the spring & AgrochemEx ( Nanjing ) in the autumn.
China July PPI Rose To 10%
2008-8-12
China PPI (Producer Price Index) in July rose to 10% year-on-year, accelerating from 8.8% in June. This index is the highest rate of growth in 12 years. Prices of raw material, fuel and power were up 15.4%, food prices increased by 9.1%.
Last month, Chinese government has adjusted the electricity and energy cost across the country, in addition to high international fuel price, the PPI is even greater than we have predicted. Market demand is not the force that pushed up PPI, cost of production and fuel price indeed are the crucial factors. The effect of PPI would not pass through easily to CPI (Consumer Price Index) in short while, due to government's control of commodity prices and fierce market competition.
However, this reflects that many manufacture-based corporations will suffer huge losses from higher production cost and lower profit margin. In long term, we foresee that China will undergo inflation in many sectors of different industries.
