Chinese glyphosate prices up in March
Chinese glyphosate herbicide prices jumped by as much as 10% in the first week of March to around Yuan 23,000/tonne ($3,700/tonne at the current rate) as supply tightened and only a few companies were willing to fulfill orders, reports the Chinese newspaper, the AgirGoods Herald. During the first two months of the year, prices for the herbicide have been suppressed by low demand and the slowdown effect of the lengthy Chinese New Year holidays. Prices have, however, increased in March, coinciding with the 16th CAC agrochemical trade show, which took place in Shanghai earlier this month. Many companies scaled down output and chose not to reveal prices in the run-up to the exhibition.