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Chinese glysofate industry calm |
Time:2008/11/11 14:31:29 Hit:3778 |
The market for the herbicide, glyphosate, manufactured in China has been gaining momentum over the years since Monsanto’s patent expired in September 2000, and is characterised by soaring prices and equally high profits for producers. Generic manufacturers of the broad-spectrum herbicide have sprung up across China, driven by the huge profits and increasing demand. First-half financial results for Chinese generic agrochemical companies in 2008 have been impressive, and glyphosate exports have surged. But the sudden fall in prices and the worry of supply outstripping global demand looming on the horizon means the glyphosate sector in China faces some major challenges in the months to come. |
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