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Advantage Multinational

With global agrochemical cycle turning, Indian companies with a strong international presence will be a good bet

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Over past three years, the global agrochemical market has come under some rough weather  with sales declining by around around 8% to 9%. There have been many reasons: unfavourable weather conditions, delaying planting patterns in key markets such as Latin America, severe drought situations in Mexico and Australia, and dry weather in Southern Europe. Inventory had piled up and prices were stagnant. But with inventory levels coming down and demand starting to pick up, things are definitely starting to look up for the global agrochemical industry and in particular for Indian companies with a significant exposure to exports.