A glyphosate-based weedkiller occupies an integral position among global herbicides.

Glyphosate Industry Background

In the field of genetically modified crops, soybeans and corn dominate, accounting for 78% of the global planting area of genetically modified crops. The United States, Brazil and Argentina lead the way in the cultivation of genetically modified crops, accounting for 43%, 18% and 15% of the global share respectively. At the same time, these three countries became major exporters of soybeans and corn. In April 2013, their soybean exports accounted for 38%, 38% and 11% of the global market respectively. Corn exports accounted for 23%, 22% and 22% respectively.

In 2012, the agricultural landscape changed significantly due to a severe drought in the United States. This natural phenomenon resulted in soybean yields reaching their lowest levels since 2003. Corn yields also hit their lowest level since 1995. As a result, global import demand shifts to South America. Soybeans and corn were highly profitable, reaching all-time highs of $435 and $476 per acre, respectively. Ultimately, this drove enthusiasm for planting in Argentina and Brazil. The surge in acreage further increases the demand for glyphosate. China’s glyphosate exports to Brazil and Argentina have increased significantly.

Market Dynamics And Export Trends

Explore the dominance of soy and corn in global genetically modified crop cultivation.
Analyze the market share of the United States, Brazil and Argentina in the cultivation of genetically modified crops.
Examines the key role these countries play as major exporters of soybeans and corn.
Impact of climate events on agricultural practices:

Investigating the impact of the 2012 U.S. drought on soybean and corn yields.
Emphasizing that global import demand subsequently shifted to South America.
Explore historical peaks in soybean and corn profits in Argentina and Brazil and their impact on planting incentives.

Taken together, the intricate interplay between climate events, crop yields and market dynamics highlights the complex pattern of glyphosate and GM crop cultivation globally. Heading into 2024, the outlook remains positive, with high demand expected to persist, making glyphosate a key player in the growing agricultural sector.Post navigation