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Brazil agchem market up 5% in first half

The Brazilian agrochemical market grew by 5% to R$3,470 million ($2,213 million at the current rate) in the first half of 2011, according to the Brazilian agrochemical industry trade association, the Sindag. The rise came despite a fall in sales for each of the three major segments: fungicides, herbicides, and insecticides, the association told Brazilian newspaper Folha de S Paulo. There was a strong rise in sales of plant growth regulators and other segments. The major crops for the pesticide market were sugar cane and cotton, the latter in response to its high international prices. The cotton area has risen by 66% this season, it reports.

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