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Revenue of agrochemical sector to fall by 7% in Brazil, says Andef
Jan. 24, 2018
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.
Source: AgroNews
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