Agrochemicals from Sindiveg financed R$ 21 billion for purchases of pesticides in 2019

By Leonardo Gottems, Reporter for AgroPages

The agrochemical companies associated with Sindiveg (National Union of the Industry of Products for Plant Defense) financed R$21 billion (US$3.97 billion) worth of purchases of pesticides in 2019.

The data is from research contracted by the Union, which showed an increase of 31.25% over the R$16 billion (US$3.02 billion) that had been financed to farmers in the previous year.

Also according to the survey, purchases of crop protection products by the rural producer had an average term of 240 days for payment last year. This was an increase in comparison with 2018, when this period had been 225 days.

Sindiveg also pointed out that its 27 associated companies – which represent approximately 40% of the market – generated no less than 5,000 direct jobs and about 15,000 direct beneficiaries. According to them, the union also made investments of R$354 million in fixed assets, marketing and research and development actions, among others.

"Adding to the good performance of Brazilian agriculture in the last harvest, the pesticide industry has fulfilled its role of making available to rural producers the most modern and effective technologies to combat diseases, pests and resistant herbs that challenge the producer," stated Julio Borges Garcia, president of Sindiveg.

“As a result, the total production of food, fibers and energy has increased and as a result of increased productivity, the need for new areas for planting has been less, preserving areas of forests and avoiding deforestation,” he explained.

“Producing food in a tropical country is a major challenge, as resistant pests, insects and herbs find conditions extremely favorable to their development. The pesticide industry continues to make significant investments in research and development of increasingly effective products so that the farmer can deal with this great challenge to productivity,” the Sindiveg executive said in conclusion.