On the evening of March 24, local time, Indian prime minister narendra modi announced in a televised speech that from midnight on the same day, the implementation of a 21-day "city closure" measures to curb the spread of COVID 19 epidemic -- the move was also interpreted as India's "national closure".

India is the world's fourth largest agrochemical producer and the largest producer of generic drugs after China.According to the original drug price index released by zhongnong lihua on March 24, the price of China's dimeirin reached 52,000 yuan/ton, with a month-on-month increase of 7.22%.However, the largest manufacturer of dimeirin in China was besme (300796), which was listed only last year. The company's share price rose by the daily limit on March 26, and then fell slightly on March 27.

India's 21-day siege of the city spread to the global agrochemical market

Indian prime minister narendra modi announced in a televised speech on the night of March 24 that a 21-day "city closure" will be implemented nationwide starting from midnight to curb the spread of COVID 19."Every village and every alley will be strictly closed" during the city closure, modi said.He asked people to cancel all social activities and not go out except for certain circumstances such as buying daily necessities.

India has already announced a series of measures to combat COVID 19, including a ban on international commercial passenger flights, the suspension of domestic commercial passenger flights, the suspension of national rail passenger transport and the implementation of "city closure" measures in some cities and regions, which was also interpreted as a "national closure".

The Times?E company reporters learned that India's closure of the city has also raised concerns about the global agrochemical market supply chain.According to cicc research, India is the world's fourth largest agrochemical producer and second largest producer of generic drugs.India's agro-chemical industry has grown rapidly in recent years, thanks to the country's indigenous protection policies, cheap labor costs and relatively lax environmental and regulatory environment.In 2019, India's agricultural and chemical output value was about $4 billion, ranking fourth in the world after the United States, Japan and China.FICCI forecasts that India's agrochemical market will double to $8 billion by 2025.

In addition to India's "city closure", Vietnam recently announced a ban on rice exports, saying the move was to check whether there was enough food supply to cope with the domestic outbreak of covid-19.

Notably, China is Vietnam's largest rice export market.On March 26, jinjian rice industry, deep grain holdings, Beijing grain holdings and other food stocks trading limit, food security issues are taken seriously, pesticides in the process of ensuring food security is increasingly prominent.

The political bureau of the communist party of China (CPC) central committee held a meeting on March 27, xinhua reported.

"Pesticide active drug production is mainly in China and India," an industry insider, who declined to be named, told e that domestic pesticide active drug manufacturers are generally doing well.

However, he warned that although the current layout is good, but in some areas there is a "one-size-fits-all" approach, so that agricultural enterprises in the production link by a greater impact, "listed companies suffer, some small and medium-sized enterprises are facing survival crisis."

"In fact, the Chinese pesticide supply chain has shown outward signs."A large number of Indian companies have developed and China's position in active pharmaceutical production has been challenged."He said relevant departments should return to the normal track of policy implementation and project approval. "I think China still needs to seize the opportunity. Once the supply chain moves abroad on a large scale, it will be irreversible."Recently, Indian pesticide companies have applied to the local government for an opening, which actually sends some signals."

The person suggested that the domestic pesticide enterprises should be targeted to open the examination and approval, for green pesticide products can also establish a "registration system", in order to further consolidate China's global competitiveness in the field of pesticide production.