Tridge summary
In the last three months, the price of glyphosate, the most consumed herbicide in Brazil, has risen more than 14% in China, the main supplier of this product to the Brazilian market. According to Jeferson Souza, market intelligence manager, this increase is a natural response to supply and demand dynamics, after a period of very low prices. He highlights that glyphosate was traded close to 13 dollars per kilogram between 2021 and 2022, and at the beginning of this year, prices were in the range of 13.10 to 13.20 dollars per kilogram in China.
Original content
Souza explains that the price increase reflects growing demand, with Brazil importing 70% more glyphosate in the last year, which signals less abundant Chinese supply. However, he warns that, unlike fertilizers — whose domestic prices in Brazil quickly react to international variations — agricultural pesticides have a slower adjustment dynamic in the domestic market. For the rural producer planning the next crop, this information is crucial, since about 40% of pesticide demand, including herbicides, fungicides, and insecticides, is still open for the period. In the specific case of second-crop corn, it is estimated that 80% of pesticide demand is still undefined, and the exchange relations between corn, soybeans, and glyphosate remain favorable ...
Source: Agrolink
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