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    Home > Agriculture News > Pesticide News > Glyphosate prices are expected to continue to rise, pesticide industry chain is expected to benefit

    Glyphosate prices are expected to continue to rise, pesticide industry chain is expected to benefit

    • Last Update: 2021-07-25
    • Source: Internet
    • Author: User
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    According to data released by the National Bureau of Statistics on the 6th, the price of glyphosate (95% original drug) is 31800 yuan/ton, which has increased by about 50% since mid-2020, which is close to the historical high of 35625 yuan/ton in 2014
    .
    From the perspective of the market cycle, the price of glyphosate began to drop in the second half of 2014.
    After repeated inventory digestion, coupled with the impact of the 2020 epidemic and the impact of Leshan floods in August, the supply of glyphosate has cleared, and industry inventories have continued to decline

    .
    At the same time, the price of glyphosate has continued to rise since mid-2020 due to the surge in costs such as upstream glycine; from the feedback from manufacturers, there is little pressure on sales from manufacturers

    .
    In addition, on March 30, the Ministry of Finance issued the central government to arrange 1 billion yuan for agricultural production disaster relief funds to support 30 provinces (autonomous regions and municipalities) including Hebei, Anhui, and Henan to purchase pesticides and medical equipment needed for the prevention and control of major crop diseases and insect pests.
    Materials, promote biological control, ecological control and chemical emergency control, do a good job in the prevention and control of major crop diseases and insect pests, and make every effort to stabilize agricultural production and ensure national food security

    .
    Favor the pesticide industry chain

    .
    Xin'an (600,596) has a production capacity of 80,000 tons of glyphosate, and the company's profit in the first quarter increased by 32 times year-on-year; Winbond Health (002004) and its subsidiaries all have glyphosate products.
    Albaugh, the company’s shareholding company, is the second largest glyphosate in the world Phosphine suppliers have made more reserves of glyphosate technical materials

    .
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