During a recent AgriBusiness Global Live webinar, pesticide market expert and www.agribusinessglobal.com author David Lee answered a question about current price trends for major herbicides, fungicides and insecticides on the market. goods. In the last two years, the world agro-industrial complex has faced numerous problems in the supply of pesticides. While some of these issues are being addressed (or companies have learned how to deal with them), there are still several obstacles.

"The tebuconazole market is at a consistently low price level. Given weak demand and normal supply, the price is expected to remain unchanged and without major fluctuations. By 2023, demand will be focused on consumption. There is no need to improve the stock levels of tebuconazole. Prothioconazole supplies to the Chinese market have been established. Overcapacity affects the price and it falls. By 2023, the cost of prothioconazole will tend to decrease. The initial marketing margin is decreasing. There will still be room for price reductions depending on the size of the contract," he said.

In the long run, the era of cheap mass-produced products in China, which has supplied goods to developed country markets in recent decades, is coming to an end, he said. "China is undergoing a radical economic transition towards a technologically innovative and sustainable model. In the future, China's exports to the U.S. and to the global market will be completely different from today in terms of category, value-added products and volume. In the crop protection sector, an increase in the proportion of nanopesticides, biological products, innovative formulations, new active ingredients, etc., can be predicted," he concludes.

Source: Agrolink