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Brazil agrochemical non-payments above $1,000 million:

Farmer debts to agrochemical companies in Brazil total R$2,100 million ($1,170 million), a study from the Brazilian agrochemical trade union, the Sindag, found. The amount accounts for unpaid purchases from the 2004/05 and 2005/06 seasons. Low farmer incomes in the past two seasons led to non-payments in Brazil. The Bank of Brazil has set up credit lines to facilitate prompter payments (Agrow No 518, p 17).


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