Shandong Luba Chemical Co.,Ltd
Beijing Multigrass Formulation Co., Ltd.

Revenue of agrochemical sector to fall by 7% in Brazil, says Andefqrcode

Favorites Print Jan. 24, 2018

Revenue of agrochemical sector to fall by 7% in Brazil, says Andef

By Leonardo Gottems, reporter for AgroPages
The revenue through the sales of agrochemicals in Brazil could fall between 5% and 7%, said Eduardo Leduc, president and director of the Brazilian agrochemical industry association (Andef), during the event 'Challenge 2050' held in São Paulo. Therefore, the sales receipt would be between $8.9 billion and $9.1 billion.
The best that can be done is trying to maintain stability compared to 2016, when the sector sales were worth $9.56 billion, remarked the executive, citing data from the Brazilian crop protection trade association, Sindiveg.
“Today, we talk about this retraction. We talk a lot about the statistics in October, November and December, which are important months for the farm business,” he said. The reduction, according to him, will come due to the stock adjustment.
Leduc affirmed that the numbers in the market showed that in the starting of the month, the available stocks were some 40% above the demand, when the ideal number for the country would be between 15% and 20%. “I believe that this year will go toward the ideal number, but I don’t know exactly how it would advance,” he said.
Favorites Print
Source: AgroNews


More from AgroNews


  • Chinese issue of Annual Review 2017 2018 Formulation & Adjuvant Technology
  • 2017 Chinese Issue of CRO Manual<br>2017实验室手册 2017 CRO Manual
  • 2017 Chinese issue of Market Insight<br>2017市场纵览 2017 Seed Special

Subscribe to daily email alerts of AgroNews.