China: glyphosate supply/demand to level out
The rise in glyphosate herbicide prices has brought increased returns for China’s pesticide companies, but the upturn is unlikely to continue unabated, reports the China Crop Protection Industry Association (CCPIA). By the end of September, Chinese prices of glyphosate (manufactured with glycine), reached some Yuan 35,000/tonne ($5,527/tonne at the current rate) an increase of over 50% when compared with the market price at the same time last year, which was Yuan 23,000 ($3,632)/tonne. Prices at the end of August had risen by 40% when compared with the start of the year ( Agrow No 648, p 18). High prices in China have made their way down to the end markets. In Argentina, glyphosate prices reached $4/kg in September, up 20% on the previous month.