Adama: pesticide market in Brazil should fall 10.6% in 2017

The pesticide market in Brazil should step back for one more year, after two years of falling sales, said on Tuesday, 28, the President of Adama Brazil, Rodrigo Gutierrez. In 2017, the revenue of the sector must retreat 10.6%, to $ $8.5 billion, up from $% 9.5 billion last year, when the market retreated 1%.
Among the reasons cited for the estimation, was appointed the smallest defensive stock with the distribution of inputs, the continuous entry of illegal products in the country and lower sales of some types of pesticides, resulting from the expansion of the use of tolerant soybean varieties the caterpillars. "For the first time in many years, the stock of 2018 will be significantly less than the checked at the beginning of 2017," said Gutierrez in an event held in São Paulo, without detailing the expected volume.
Also in 2017, the Adama expects to grow 2 percent, with market share of approximately 5.1%, said the President of the company. According to the Executive, the initial forecast was that the company's revenue to increase 10 percent this year, but the delay in the release of record to two defensive of the company, by the federal Government, prevented larger sales.