Brazil has slashed the duty it charges on Chinese imports of the herbicide, glyphosate, from 11.7% to 2.9%. The “anti-dumping” measure has been in place for over five years and had already been cut this year from 35.8% to 11.7%. The chamber of foreign commerce, the CAMEX, regulates the trade. It is composed of seven Ministries, including the President's Ministry, the Casa Civil. “The government has acknowledged its miscalculations in setting the rate and has cut it to 2.9%, while leaving the rate open to review,” the Brazilian generic agrochemical industry association, the AENDA, says. A national market study has shown that imported glyphosate from China is 50% more expensive than the active ingredient produced in Brazil and is still at a disadvantage without any duty.
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