Agrochemical prices down in Peru

The price of pesticides fell in the first half of the year in Peru, according to a newswire dedicated to small and medium-sized exporters, Pymex. A price war led to a 10-15% drop in prices, as the cost of some raw materials fell. Demand for pesticides was around 10% down, because of lower agricultural produce exports and crop areas following hot weather, Pymex explains. However, there should be a recovery from August. It cites the vice-president of agrochemical company Farmex (Lima), Oscar Dibos. He reportedly says that the rainy season will bring higher sales, with distributors replenishing stocks. The second half should be a period of stable prices, Mr Dibos adds. Profit margins would otherwise be lost, he adds.