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shortage of key herbicide hits global supplies

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    Shortage of key herbicide hits global supplies

    Tuesday, 19/02/2008

    Farmers are desperately trying to source supplies of glyphosate herbicide in one of the best growing season in years.

    Supplies of the chemical have been hit by heavy demand due to recent rain in Australia, and more grain being planted overseas.

    Farmers are reporting prices have more than tripled, with broadacre farmers now spending $13,000 per order instead of the usual $4000.

    Lachlan McKinnon, from the supply company, NuFarm, sees no early end to the shortage.

    "We can expect that this will continue for the next forseeable future", he says.

    "It's very hard to know exactly what will happen, and I'm sure production will increase in various parts of the world as the raw materials become available.

    "But I'm also reasonably confident that demand will stay strong for a reasonable time".
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