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17% jump in agrochemical sales predicted in Argentina
Oct. 16, 2017
Agrochemical sales would grow 17% in volume in Argentina this year with the investment in technology by farmers, said Sebastian Calvo, president of Red Surcos.
According to Calvo, the financial gain does not follow sales figures because of an approximately 15% fall in prices in the market. The elimination of export taxes also radically changed the gross profit margins per hectare.
Antonio Cavaglia, marketing head at Red Surcos, underscored the relation of input /output ratio, or the grain quantity needed for product purchases, which has been most favorable in the last decade. He highlighted that there are diverse options available in financing currently favoring higher investment.
“The total revenue of companies will grow, but very little, probably by around 2%. On the other hand, what will increase is the sales volume, which we calculate for the whole market around 17%. […] Inputs are cheap and the rates are very good,” Calvo projected.
Cavaglia highlighted the growth that was registered on herbicide sales for fallowing on corn, resulting from the expansion of this crop for the second year in a row. According to him, the top selling products were glyphosate, 2,4-D, and paraquat.
About the future, Calvo affirmed that a determinant factor is the new Chinese environmental legislation. “Today we are seeing China with strong environmental restrictions, which generates a massive closure of factories that elaborated active principles used in agrochemicals. This will result in a scarcity of products that can impact prices”.
Source: AgroNews
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