Global agrochemical market buoyant in 2007
A buoyant agriculture sector and a weakening US dollar have resulted in an 8.4% rise in global agrochemical sales to some $38,555 million at the distributor level, according to preliminary estimates by UK consultants Phillips McDougall. Crop protection sales were up by 9.1% to $33,190 million, while non-crop pesticide sales rose by 4.2% to some $5,365 million. If currency effects and inflation are excluded, the global agrochemical market grew by about 3% this year. This was the first real growth in the market since 2004.