Glyphosate Price Continues to Rise: What Now?

From mid-May, the price of glyphosate, the world's most used herbicide, has been recording a gradual increase. In June, the 95% technical powder rose 2.6% compared to early May. This movement is driven by the resumption of Chinese exports to South America, which peak between June and August. Additionally, the expansion of transgenic crop cultivation and the elimination of other herbicides, such as paraquat, reinforce the trend of firm demand, which sustains quotations. In this scenario, glyphosate accounts for about 30% of the global herbicide market. After peaks above 80,000 yuans per ton in 2021, prices receded, pressuring margins. With stocks in China reduced to 51,200 tons in June, which represents almost 8% less in a year, and orders scheduled until July, experts indicate that the low-price scenario made the adjustment inevitable and necessary to rebalance the chain. Global production is highly concentrated in a few players. Monsanto, from Bayer, leads with 370,000 annual ...