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Brazilian Q1 agchem market jumps 22% in reals

The Brazilian agrochemical market continued to hit records earlier this year. It rose by over a fifth (+21.5%) in the first three months of 2013 in national currency terms to R$2,297 million (US$1,073 million at the current rate), according to figures from the national agrochemical trade association, the Sindag, cited by the generic pesticide association, the Aenda. The Brazilian real has lost ground to the US dollar since last year, making the rise less impressive in dollar terms.


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