When Will Glyphosate Prices Fall?
The price of the active ingredient in glyphosate appears to have reached a ceiling and that should eventually bring an end to a series of price hikes for the popular herbicide, writes Sean Pratt at The Western Producer. Glyphosate technical values in China have remained flat for the past three or four weeks for the first time since January 2020.
“This is nice to see because it has been higher week-on-week for a very long time,” said Marc-Andre Fortin, director of North American crop protection with Farmers Business Network.
Unfortunately, that does not mean there will be an immediate corresponding flattening out in prices of the herbicide. Manufacturers are still absorbing previous cost increases for the active ingredient and passing them along to farmers.
Liam Condon, president of Bayer’s Crop Science division, said during the company’s second quarter 2021 earnings call that the price of glyphosate is “intricately linked” to the price of acid in China. “And because of a shortage of supply in China this price has gone up significantly,” he said, according to a Seeking Alpha transcript of the call.
Read more at The Western Producer.
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