Brazilian agchem sales plummet almost a quarter
The Brazilian agrochemical market plunged in US dollar terms by almost a quarter (23%) in 2015, according to preliminary figures from the national agrochemical industry trade association, the Sindiveg. The major impact on the size of the market came from the deep devaluation of the Brazilian currency against the US dollar. The industry, which trades on many imported products, struggled to pass on the higher costs to growers in the form of prices, the association says. The 2014 market rose by 7% to over $12,200 million.