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Chile's Agricultural Business to Grow Fast

Chile's Agricultural Business to Grow Fast

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Published by CCM Intelligence
Chile and South Korea have signed an agreement that Chilean blueberry will have access to the South Korean market from July 15, 2012.
Chile and South Korea have signed an agreement that Chilean blueberry will have access to the South Korean market from July 15, 2012.

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Published by: CCM Intelligence on Aug 22, 2012
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Chile's Agricultural Business to Grow FastSummary: Chile and South Korea have signed an agreement that Chilean blueberry will haveaccess to the South Korean market from July 15, 2012.Tags:
crop protection, South America, blueberry, export, Chile, South Korea, agriculture, tradeagreementDriven by strong demand for its fruits, Chile will embrace a rosy prospect of its crop protectionmarket, as it has concluded more and more agricultural trade agreements with other countries,according to CCM International’s July issue of  
.  At the end of June 2012, both Chile and South Korea claimed that they have signed a tradeagreement for blueberry. According to the agreement, Chilean blueberry will have the chance to beexported to South Korea from July 15, 2012. Nearly at the same time, China agreed to double thetrade with Chile to USD60 billion by 2015, including export deals for produces. All these facts arean indication of the agricultural boost in Chile in the near future.Produces especially the fruits from Chile are attractive around the world thanks to its strictagricultural standard in South America. Its fresh and processed agricultural produces are certifiedby Good Agriculture Practices (GAP). All the inputs used must be approved by official authorities,which has obligated use of only agrochemical with specific recommendations for each crop. Thesemust be specified on the product's label. Through its policies, Chile dedicates itself to supplyingproduces which meet international food safety standards, so as to protect consumers and theenvironment.Recently, fruit exporting business is the third exporting business in Chile. The total export value of fruit has been up to USD4.9 billion in 2011 from USD3.2 billion in 2007. Wherein, the grapeexporting business accounts for the main part of the fruit exporting business, which valued atUSD1.5 billion in 2011. Indeed, the grape planting area in Chile has been increasing gradually asthe exporting demand of grape improves.Pesticides in Chile are mainly formulations imported from other countries. The historical import dataof pesticide can show the rising trend of Chilean pesticide market, with pesticide import valuefollowing fruit export value dynamic in the past years. Take the year of 2009 as a typical example,because of the outbreak of the worldwide economic crisis, global demand for fruits was inevitablyweakened. Therefore, the fruit export value of Chile declined sharply in 2009, and pesticide importvalue was falling in response. Among different pesticide varieties, fungicides will be in the spotlightin Chilean agrochemical industry thanks to the increasing demand for fruit in Chile, as it can bewidely used in fruit planting, storage and transporting.
 
 In Chile, low import taxes caused the increasing import volume of pesticides from other countriessuch as China. There are a few formulations from local manufacturers, as it is difficult to competewith other countries that have free trade agreements with Chile. Therefore, most of the importedpesticides are finished products, with a small proportion of active ingredients. There is only onemain local formulation manufacturer, which has very modern facilities and also manufactures for export. Some local formulation manufacturers focus on manufacturing basically sulfur-based dustand WP formulations, as well as cupric pesticides. As the export demand for Chilean produceincreases, there will be the coexistence of opportunity and crisis for the local pesticidemanufacturers in the near future.Besides, Chilean agricultural planting development will also become the grow engine in its cropprotection market.Now Chile has focused its efforts on becoming a specialties market, with a broad agriculturalvariety allowed by its fortunate geography and climate. Currently, Chile not only does the researchon new possibilities in crops, or fruit which may be historically unusual, but also tries its best toincrease its yield and production through the planting technology.
Source: South America Crop Protection Monthly Report 1207 http://www.cnchemicals.com/Newsletter/NewsletterDetail_256.html 
Content of South America Crop Protection Monthly Report 1207:
Chile and South Korea sign agreement for blueberry Argentina to allow 6 million tonnes of wheat for export in 2012/13Trade agreement between China and Argentina to benefit pesticide industryRainy weather affects sugarcane harvest in South-Central BrazilChile's agricultural business to grow fastCrop planting in South America boosts pesticide consumptionVenezuelan farmers face difficulties in gaining ureaBrazilian corn harvest to get good result in 2012Brazil extends deadline for pesticide technical reviewMonsanto fails to complete GM cotton registration in Paraguay… …
South America Crop Protection Monthly Report,
a monthly publication issued by CCMInternational on 30th(31st) of every month, brings you the latest information on new company

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