The price of glyphosate in Chinese market rose moderately to RMB23,000 since the 2020 Chinese Spring Festival, which was later stabilized, until August 2020, when price rose again after the flood disaster in Leshan, Sichuan, China. Thereafter, following the reemergence of Covid-19 in Hebei in November 2020 and the snow disaster in the United States in February 2021, the price rose again all the way, up to the present price of RMB52,000, having stayed at this level for four to five weeks. Today, overseas buyers have expressed worries about the future of glyphosate.

In a recent interview with buyers, AgroPages got to know from an American customer that the selling price of glyphosate in the United States was about $27.50 per gallon, which is twice of the price of $11.50 at the end of last year. Brazilian customers said that the retail price of glyphosate had tripled year-on-year. Buyers generally said that they had to gradually pass on the price rise to distributors and farmers. Meanwhile, the current international shipping price continues to rise, it is difficult to book shipping space. To avoid delay to supplies for the next planting season and the demand in the second half of the next year, buyers have to make purchases earlier than what is planned. However, the concern is that the burndown herbicide represented by glyphosate requires big amount of financing, whilst price trend is uncertain. Moreover, it is unsure if stable supply can be maintained.