New Delhi, Aug. 27 -- After three years of depressed pesticide prices, early signs of a recovery have emerged. A research data report by HSBC Global Investment Research shows a rise of around 5-10 per cent in the prices of key herbicides and fungicides in China.
It indicates that falling inventories of Glyphosate and Glufosinate, combined with policy shifts in China, are helping reset the global agrochemicals market.
For India, the changes in China carry significant weight, given the country's heavy reliance on imported agrochemicals. Agrochemicals could emerge as one of the more promising subsectors if reforms are implemented consistently.
The policy shift in China comes after a prolonged phase of weak demand and oversupply that pushe...
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