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Generics outsold proprietary agchems in Brazil 2007
May. 13, 2008
Generic agrochemical products accounted for the majority of sales in Brazil last year in value and volume terms. The split in sales between generic and proprietary pesticides was 54.6% ($2,932.9 million) for the former and 45.4% ($2,439.1 million) for the latter. Total sales amounted to $5,372 million. The figures are similar to those of 2006, when generics accounted for 54.2% of pesticide sales. There will be a wider range of generic products following a boom in generic product registrations last year. That came after the passing of Decree 5,981, which sought to speed up the approval process from a period of four years to a target of 150 days. There had been a large backlog of applications.
Source: Agrow
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