Crop Protection South America Monthly Report

With the increasing price of agricultural commodities in recent years, South America becomes more and more important for the supply of agricultural commodities such as soybean and corn in the world, as the region has greater potential for agricultural land than most other regions in the world, especially for counties like Brazil, Argentina and Paraguay, which has already become great food power in the world.

Besides, the planting area of biotech crops in South American countries witnessed huge increase. For the fourth consecutive year, Brazil was the engine of growth globally in 2012, increasing its area of biotech crops more than any other country in the world.

The fast development of agricultural production in South America becomes the rigid support for seed and pesticide market, where witnessed an increase in both volume and price. In 2012, the tycoons, such as Monsanto, Syngenta, Dupont, etc., all achieved good performance in the region, which boosted the whole business of them.

The fast development of seed and pesticide market in South America has attracted more and more attention from many multinational corporations. They launch new products in the region, build new production bases or take over companies in the region. The positive environment in South America is expected to continue to support these companies’ business.