Price glyphosate price is a concern of most pesticide distributors Decline of Glyphosate Price
The reason for the sharp year-on-year decline in the performance of pesticide production enterprises in the first half of the year is that the company’s cyclical products have experienced “both volume and price drops”, resulting in weakened product profitability. However, most companies also added that at the end of the second quarter, the market conditions for some products have picked up, and product prices have stabilized and rebounded.
Most pesticide companies said that for cyclical products such as glyphosate, both volume and price fell, resulting in a decline in net profit.
After two consecutive years of performance gains, the performance of pesticide companies in the first half of this year has experienced a cliff-like decline, and the decline in the second quarter has further increased compared with the decline in the first quarter.
Specific to the reasons for the decline in performance in the first half of the year, pesticide companies said that it was mainly due to the impact of changes in macroeconomics and market supply and demand. During the reporting period, the market prices of cyclical products such as glyphosate, organic silicon, yellow phosphorus, and phosphate fertilizers continued to decline, and the production and sales volume also increased year-on-year. There have been various degrees of decline, resulting in a sharp weakening of product profitability, and some products have suffered large losses. However, at the end of the second quarter, the market for some products such as glyphosate picked up, and product prices stabilized and rebounded.
