Brazil agchem industry sounds bullish
The international financial crisis impacted less on the agrochemical business last year than on other agricultural sectors, such as fertilisers, the Brazilian agrochemical industry association, the Andef, says. It gave its opinion following the presentation of a study of the Brazilian 2008 pesticide market at a meeting of industry and government delegates in January. The market rose by 24% in national currency terms and by 29% in US dollars ( Agrow No 562, p 13). The sector’s robust position was due to the anticipated large crop areas last year, it explains.