Monsanto has announced a sharp cut in U.S. prices for Roundup, and says it’s investing in U.S. manufacturing capacity to help provide a long-term, reliable supply of its glyphosate herbicide.
“We anticipate farmers will see Roundup prices that are 50 per cent of what they were last year,” Glenn Stith, North American crop protection lead said in a Sept. 18 release. “This new price is effective now as retailers and farmers begin planning for the 2010 planting season.”
In an interview, Monsanto Canada spokeswoman Trish Jordan said that while the Canadian and U.S. divisions have separate pricing policies, the company is working with retailers and that growers “will likely see Roundup offered at competitive prices” in Canada.
Monsanto said there are two primary sources of glyphosate – Monsanto and approximately 50 China-based companies, “many of which are government-owned or -controlled operations that frequently shift production based on changes in policy and need for the key raw materials.”
This can have a significant impact on supply to U.S. farmers, Monsanto said.
“Monsanto is investing to help U.S. farmers have a reliable supply of Roundup brand agricultural herbicides that is competitively priced and superior to generic imports,” Stith said. “It is critical for U.S. farmers to have a trusted and reliable source in a highly competitive market that has seen dramatic fluctuations. We believe we can offer farmers a competitively priced product that is superior to the Chinese generics in the market.”