Credit Crunch Tightens Up Glyphosate Supply
Glyphosate supplies will be tight in Western Canada this growing season but not for the reasons many have been citing, one retailer tells The Western Producer.
“The real thing that is slowing the shipment of glyphosate into Canada is tight credit terms,” said Joel Merkosky, partner with Johnston’s Grain. He can get as much product as he wants from his suppliers in China. That’s not a problem. But the price has tripled and instead of paying for the product 30 to 90 days after arrival in Canada, he is being forced to pay 25 percent at order time and the remainder once it hits the water.
Merkosky has 250,000 litres of product in transit from China. If he had more credit available he would have doubled that amount. He believes the end result of the credit crunch is going to be tight supplies and high costs in Western Canada from spring through fall.
“You might even run into a shortage situation for some guys who are spraying in-crop and guys looking to spray pre-harvest,” he said.
Read more at The Western Producer.
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