Strong dollar pummels Brazilian agchem sales
Brazil suffered a steep drop in agrochemical dollar sales in the first four months of 2009 despite a rise in national currency terms. The heavy fall of the Brazilian real against the dollar led to a 26.4% fall in sales to $1,209 million, figures from the Brazilian agrochemical industry trade association, the Sindag, show. Sales rose by 2.4% in reals to R$2,781 million. Sales for the month of April were down for all segments.