Counterfeit Pesticides Stifle Industry Growth
As the crop protection industry creates new formulations and products, counterfeiting continues to plague the industry. Up to $4 billion is lost to illegal products, or an estimated 10% of global sales.
Many companies such as Dow AgroSciences recognize the damage counterfeiting does to their sales and the world.
“We believe that counterfeit and illegal products represent a significant threat to human health and the environment, jeopardize plant health and crop production and also pose an economic threat to international trade and the sustainability of the global food supply,” says Moni Hancock, Dow AgroSciences R&D communications leader.
Stay tuned to Farm Chemicals International in 2012 for an ongoing series detailing the counterfeiting industry and the efforts used to battle this growing problem.