Brazil adjusts Chinese glyphosate duty
Brazilian Ministers have changed the “anti-dumping” duty for the herbicide, glyphosate, from China. Seven Ministers who make up the chamber of foreign trade, the CAMEX, have replaced the 2.1% duty on imports of Chinese made active ingredient with a $3.60 per kg charge, the business newswire, Valor Economico, reports. Farmer associations are aggrieved and seek explanations from the chamber. Far from ending the dispute among farmers and pesticide producers, the decision has “opened new chapters”, Valor notes. Monsanto has called for a review, demanding a higher rate. The Brazilian market is reportedly worth R$3,000 million ($1,600 million). The charge was cut from 35.8% in 2007 ( Agrow No 548, p 17) to 2.1% in February last year ( Agrow No 561, p 13).