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Text Sample
After reviewing the historical and current glyphosate industry,
CCM estimated that glyphosate price will have a slight increase
in 2012, but that the increase space is limited and
reasonable.The reasons are listed as follows:
- Increased raw material price
With the increase in CPI and house prices, along with
improvements in technology in China in recent years, Chinese
consumption concepts change too. People require more salary,
causing an increasing labor cost, which increases the price of
chemical materials.
- Unstable exchange rate
The exchange rate of the RMB against the USD is precarious and
most producers think that the exchange rate will still be at a
low level in 2012. Thus, they need to increase the sales price
to offset the loss caused by the low exchange rate.
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