Market monitoring
This week has entered the twelfth lunar month at the end of the year. Although the agricultural material stocking season is coming, the market performance is mediocre. The downstream purchases are based on demand and the inventory is mainly digested. The overall stocking rate of agrochemical enterprises and the inventory of preparation channels are lower than the same period last year, and the market has not ushered in the traditional peak season. With the release of epidemic control, upstream and downstream factory workers are in short supply, production pressure is high, logistics timeliness is poor, and the New Year's Day holiday is approaching, it is recommended to prepare goods in advance according to the production plan.
On December 25, 2022, Zhongnong Lihua’s original drug price index reported 138.33 points, a sharp drop of 3.24% month-on-month. Pesticides, herbicides, and fungicides all fell in a panic; 79% of the varieties have fallen. Compared with the previous month, 43% of the products have risen and fallen back. There are few rising varieties. The demand is weak, and the panic at the end of the year is spreading. Data Sources：SINO-AGRI LEADING.
