Soybean nutrition market has a turnover US$12 billion in the 2021/22 season
Legislative Assembly of the State of Mato Grosso do Sul approves Bill 138/2022, that changes the Law 2,951/2004, regarding the use, production, marketing and storage of pesticides. Validity of the registration at the State Agency for Animal and Plant Sanitary Defense is now of five years. Another change seeks to “guide on the recording of operations and inventories, in integrated databases or similar, integrated for electronic submission of information to Iagro”. Companies headquartered outside the state must provide information on the quantity sold in the state: technical recommendation, final destination, user, rural establishment and purchased product. The technician responsible for prescribing agronomic recipes must have a minimum of high school education and be incribed with the professional council. (Alems)
Mosaic will be the first company in Brazil to use big bags made from polypropylene, with post-consumer recycled content. In partnership with Zaraplast, leader in flexible packaging solutions, the company will use 30% post-consumer recycled resin in its packaging, made by Braskem, manufacturer of thermoplastic resins. (Mosaic Fertilizers)
Fertilizer prices increased 24% in September compared to the same period in 2021. KCl (potassium chloride) rose 61% and MAP (monammonium phosphate) rose 14%. NPK (formulated nitrogen, phosphorus and potassium) showed a 4% reduction in the average price. “The current average price of NPK still shows an increase of 117% compared to the same period of 2020. This scenario corroborates the increase in production costs and requires planning for assertive decision-making at all stages of the production cycle”, said the president of Aprosoja from the State of Mato Grosso do Sul, André Dobashi. (Aprosoja – MS)
In compliance with court decision, Anvisa approves toxicological evaluations of the pesticides glufosinate ammonium salt 200 g/L SL (AllierBrasil), ioxynil-octanoate (GreenUp) and methomyl (Rainbow). (Anvisa)
Group of shareholders of Fertilizantes Heringer that holds more than 10% of the company’s shares requested the inclusion of Meden Consultoria Empresarial as one of the possible entities to be selected as an evaluator in the scope of the public offer for the acquisition of shares of the company, being reviewed by the Securities and Exchange Comission. (Fertilizantes Heringer)
State of Rio Grande do Sul reaches 10 thousand hormonal pesticide applicators registered since the publication of Normative Instruction 06/2019. (Secretary of Agriculture, Livestock and Rural Development – RS)
Agrematch, artificial intelligence company focused on the discovery and development of agricultural inputs, announced that it is approaching commercialization of a new bioherbicide after favorable tests with weeds, including strains resistant to the most common synthetic herbicides. Discovered and developed in less than 12 months using Agrematch’s AI4AI (Artificial Intelligence for Active Ingredients) predictive system and validation platform, the new active ingredient features post-emergence control for several weed species, including Amaranthus spp. and Chenopodium spp. (Agrematch)
Traive, a fintech company that connects capital markets with agricultural credit, has just raised US$10 million in an investment round led by Basf Venture Capital. (Traive)
Ports of Paraná State stand out in the fertilizer imports, representing the entry of approximately 27% of the total imports in Brazil. (Ports of Paraná)
Daniel D’Andrea is Albaugh’s new director of marketing and development for Brazil and Paraguay. (Albaugh)
Yara records a profit of US$ 402 million in three months, reversing a net loss of US$ 143 million recorded in the 3Q of 2021. (Yara Fertilizantes)
GIROAgro estimates a production increase of 10 million L of fertilizers by the end of the year, compared to the seven million produced in 2021. It is expected that the volume of exports will also increase by 50% by the end of 2022. The company invests from 7% to 10% of their revenue in research and development. Its industrial park is located in the south of the State of Minas Gerais, with seven factories. (GIROAgro)
Basf’s fiscal council extends the appointment of Martin Brudermüller as chairman of the executive board until the end of the 2024 annual shareholders’ meeting. Appointment was originally scheduled to end in 2023. (Basf)
Fertilizer sector revenue reaches US$ 35 billion in 2022, with an increase of 51%. There was a 10% decrease in domestic sales. Market evaluations indicate the same phenomenon for crop protection products. Difficulties in supply and high foreign prices will raise domestic revenue to US$ 18 billion in 2022, 35% more than in 2021. (MacroSector Consultores)
Environment Department of the State of Mato Grosso fines Logistic company US$ 375 thousand for pollution after a fire in pesticide warehouse. Approximately 780 tonnes of pesticides were consumed by the fire. (SEMA – MT)
Soybean nutrition market has a turnover US$12 billion in the 2021/22 season, compared to US$7.8 billion in the 2019/2020 season. “Even before the exchange rate devaluation of 27% between the two compared seasons, the market increased the cultivated area, number of treatments and adoption of correctives, seed treatment and inoculants”, says Giovanni Coser, a plant nutrition specialist at Kynetec. Soil fertilizers keep ahead of the market: more than 80% share, or approximately US$ 10 billion in sales. Soil correctives and conditioners and seed and foliar fertilization, including biostimulants and inoculants, account for 19% of the market, corresponding to US$ 2.3 billion. (Kynetec)
Fertilizer imports reach 27.9 million tonnes between January and September of 2022. Availability of fertilizers in the ports increased during the year and, consequently, traded volumes decreased between August and September. (Itaú BBA)
Production Cost Inflation Index in the State of Rio Grande do Sul falls for the fourth consecutive month. In September, retraction was 4.04% compared to August. Inflation Index of Prices Received by Farmers also showed deflation, reaching 1.63%. Fertilizer costs were once again responsible for the decrease in the IICP, showing a drop in all analyzed crops. “We cannot forget that in 2021 the index had accumulated inflation of 51.39%, so the fall in the index was expected at some point after so many highs accumulated in the past”, points out a report by Farsul’s Economic Advisory. (Rio Grande do Sul Agriculture Federation)
SindiTabaco’s Empty Pesticides Package Receipt Program completes 22 years. Since its creation, the program has already enabled the proper disposal of 18.8 million packages of crop protection products. (SindiTobacco)
Fertilizer multinationals, private equity and trading companies have acquired more than 50 local chemical dealers in the past four years, for more than US$1 billion. Dealers controlled by private equity or multinational companies are expected to earn more than US$ 7.5 billion in 2022, in 700 retail stores. Acquisitors include Nutrien, Syngenta, Lavoro, Acqua Capital and AgroGalaxy. Nutrien has acquired more than 39 retail stores and 10 distribution centers in 11 states and estimates additional sales of US$ 400 million, that would bring annual revenues in South America to US$ 2.2 billion. Among its most recent deals is the purchase of Casa do Adubo for more than US$ 200 million. Lavoro, the industry’s biggest player, has just announced a SPAC (special purpose acquisition company) and more money for acquisitions. (ZMP Consulting)
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