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Indian market to decline in 2009

The Indian pesticide market in 2009 is expected to fall by over 10%, says Partho Lahiri, chairman of the industry association, CropLife India. The decline would be a result of a volume dip of around 10% combined with prices lower than those in 2008. There was a record 14.9% increase in the market to Rs 42,840 million ($926 million at the current rate) in 2008 compared with the previous year.



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