News

Glyphosate cost to rise

DAVID SYMONS

01 Jul, 2010 08:58 AM

THE last day of the financial year provided a rare piece of good news for the ailing Elders.

China's Ministry of Finance has announced plans to cancel an export tax rebate on a range of pesticide products, including glyphosate.

The cancellation of rebates, which can be as high as 9 per cent, on exported glyphosate is scheduled to come into effect in two weeks.

The cancellation should boost global prices.

With agricultural chemicals companies and rural merchandise suppliers struggling to maintain profits in the midst of a price slump in agricultural chemicals, analysts consider the removal of the rebates by the Chinese as a small step towards the stablisation of the glyphosate market.

© SMH

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comments

Date: Newest first | Oldest first

Would not make any difference if Glyphosate was 10 times the cost Elders sales staff don't know how to make a margin, no good blaming others in the Industry. Elders have their own Generic Brands they should make more margin instead of giving it away.

Posted by Agri bus, 2/07/2010 8:50:12 AM

In the new globalised, deregulated marketplace, the dominant supplier of Glyphosate tech manipulates rebates that are controlled by the Centralist Government to allow for price gouging.....sorry , "price stabilisation of the Glyphosate market"......to begin again. You've gotta hand it to the Chinese, capitalism was invented in the west, perfected by the British and then the Americans and now the Chinese are throwing it all back in our faces.

Posted by mark2, 2/07/2010 4:03:26 PM

On our country we have endemic glyphosate resistance, so who cares what they charge, the chemical is outclassed, history, finished, washed up, over, useless, ineffective, futile, WORTHLESS. So the clever little marketers can con and connive and manipulate and scheme with the price and supply of the product all they like, it just makes for good entertainment to us.

Posted by spray what, 4/07/2010 7:13:34 PM

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