Monsanto: Glyphosate Tight In Brazil
18 March 2008 Monsanto Co. said that supplies of glyphosate would be tight in Brazil for the 2008/09 (Oct.-Sept.) soybean season due to strong demand for biotech crops as well as the smaller supply of glyphosate from China following the government’s new regulations.
In a Reuters article, Paulo Cau, director of Roundup Ready sales for Monsanto in Brazil, said that “We understand that it will be a year of balanced supply and demand. It will depend a lot on China.”
About 30% of Brazil’s glyphosate supply is imported from China, according to the article. Chinese-made glyphosate prices on the local market have risen to around US $14 a kilogram from $3 in early 2007.
“(Monsanto) is making an effort to increase its capacity to produce (glyphosate) in Brazil to attend a market that was supplied by China,” Cau said.
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