Glyphosate prices drop 30% in Argentina

The price of glyphosate lost some 30% of its value in the Argentine market, according to the input report published by the consulting agency Az Group, from Buenos Aires.

The herbicide started the year with a price of US$13.2 per liter, falling to $9.9/L today. According to the Az Group study, after reaching the maximum value in December 2021, glyphosate prices showed a downward trend in the local market.

The local price behavior is similar to that of Chinese domestic prices, where the maximum values were also found at the end of last year. The price drop in 2022 was 36% for this market, going from $13.19/L to $8.4/L. Although the concentration references vary in the analysis, they are intended to reflect the downward trend of both markets, Az Group explained.

The drop in prices is led by glyphosate, but other herbicides such as glufosinate (down 20%), clethodim (down 11%), and 2,4-D (down 1%) are also following the trend.

In the Argentine market, the sharp jump in prices that occurred in 2021 for the herbicide (300%) punished price relationships. For example, in the last three years, 21 kg of soybeans were needed per liter of glyphosate when in the previous 12 months, 29.5 were needed.

″This purchase relationship remains negative against the averages, but the drops in the input allow price relationships to recover slowly,″ explained Market Research Analyst Jeremías Battistoni, author of the Az Group report.

(Editing by Leonardo Gottems, reporter for AgroPages)