This situation began in August of 2020 when China was dealing with a flood. That was followed by freezing temperatures in Texas that shut down natural gas production and a hurricane that closed down a Bayer facility in the Gulf for five weeks. Bayer North American Glyphosate Portfolio Lead Matt Muckerman says strategies are in place to deal with these product shortages. “Both of the main areas that supply the market have been hit with these weird things so now it is how do we make it up and how do we make the best use of the gallons we do have. For Bayer, it is a focus on what other products can supplement where glyphosate may not be available.” There’s no crystal ball, but Muckerman believes the glyphosate shortage will likely extend into the second quarter of next year or beyond. Muckerman, who spoke to ag retailers last night in Fargo, said costs have responded to the supply situation.”It is not unconceivable to see one or two price adjustments in a normal year, whether it is up or down,” said Muckerman. “This year, I think we’re up to seven or eight price increases and that is based on the supply we have available and the demand driving those prices up.” Listen for the RRFN interview.
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