Brazil agrochemical sales continue rising
Brazilian agrochemical sales maintained upward momentum in October, rising by 15% in Brazilian currency terms to R$1,919 million (US$1,028 million), according to the Brazilian agrochemical industry trade association, the Sindag. The major segment growth came in acaricides, which jumped by 36%. It was followed by fungicides, up by 20%, herbicides (13%), and insecticides (12%), Sindag market data chief Ivan Amancio Sampaio told Agrow. Sales were well above R$500 million ($268 million) for the three major segments, insecticides, fungicides and herbicides. The market grew by 10% for the first ten months of 2011, reaching R$10,199 million ($5,465 million). Insecticides led growth, rising by 21% to over R$3,500 million ($1,875 million). Overall, the major crops for which pesticides had been bought by the end of October included cotton, coffee, maize, pasture land, soybeans and sugar cane. The association expects dollar sales to exceed $8,000 million for the year ( Agrow No 628, p 18).