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Brazilian pesticide market reaches US$20 billion in 2022-23 cycleqrcode

Aug. 7, 2023

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Aug. 7, 2023

United Kingdom  United Kingdom

The market for crop protection products moved around US$20 billion in Brazil during the 2022/23 agricultural season, according to Kynetec Consulting.

This was due to the strong appreciation of the Brazilian Real against the US Dollar while there was a drop in prices of agricultural commodities.

According to the study, this result represented a growth of 43% compared to the 2021/22 cycle, when it reached some US$14 billion.

According to the consultancy specializing in market research, the surge in pesticide sales this season accompanied a rise in planted area in Brazil, which reached 90 million hectares during the period.

In addition, a decisive contribution to this result was the increasing prices of herbicides, insecticides and fungicides.

Andre-Dias.jpgAndré Dias, executive director of Kynetec for Latin America, said that potential treated area (PAT) did not change significantly during the period.

″For example, it grew in the Brazilian states of Mato Grosso and Rondônia, but it dropped a little in São Paulo. However, the area treated by state was practically uniform, despite the rise in the industry's revenues,″ Dias said.

For this reason, price was the factor that had the most influence on the sector's performance, he added.

For the 2023/24 harvest, Dias believes that there will likely be a drop in market value, due to defensive prices.

″However, this still needs to be confirmed,″ he noted.

According to specialists in the agricultural market, inventories are high, which could lead to reduced pesticide prices.

In addition, some Brazilian producers are still waiting to purchase their inputs for the 2023/24 cycle.

(Editing by Leonardo Gottems, reporter for AgroPages)


[ Survey ]

How much inventory do you still have?

 Soaring or falling prices of bulk agri-inputs in the short term is not conducive to ensuring the stability of agricultural production, AgroPages hopes to use our media features to help the industry correct prices and keep them as reasonable as possible.
"Inventory" is undoubtedly one of the key factors affecting the market trend price fluctuations this year, and the speed of inventory reduction will also affect the market trend in the second half of the year and maybe next year, so we launched this "inventory survey" with the intention of assisting the industry to make a clearer situation judgment in the critical period of this 2 months. Readers who participate in this survey and carefully answer all questions, we will send you the final research results (without company or personal information).
  1. 1. Please let us know your position in the agrochemical industry
    • Manufacturer
    • Trading company
    • Wholesaler
    • Distributor
    • E-commerce
    • Retailer
    • Farmer
    • Other (Please specify)

  2. 2. What is your main product category?
    • Herbicide
    • Fungicide
    • Insecticide
    • Fertilizer
    • Biosolution
    • Other (Please specify)

  3. 3. Could you introduce your inventory rate?
    • Inventory has been emptied
    • 10%
    • 20%
    • 40%
    • 100%
    • 140%
    • Other(please specify)

  4. 4. What was the safety inventory ratio for the same period in previous years?
  5. 5. What products do you have in large stock?
    • Glyphosate
    • Diquat
    • Imidacloprid
    • Abamectin
    • Chlorothalonil
    • Azoxystrobin
    • Other(please specify)

  6. 6. Which products will you prioritize in initiating procurement? Approximately when it will happen?
  7. 7. Is there currently a shortage of supply for any products? Please list product names.
  8. 8. Please submit the contact informaiton
    Your Name:
Source: AgroNews


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