06 November 2026, São Paulo, BR: Brazil’s crop protection market is absorbing a wave of price erosion as off-patent competition from generic manufacturers squeezes the country’s largest pesticide suppliers, according to third-quarter 2026 earnings disclosures from six multinational agrochemical companies.
FMC Corporation reported the sharpest impact. The company’s third-quarter revenue fell 80 percent year over year to 105.9 million dollars from 542.2 million dollars, with a consolidated net loss of roughly 2.07 billion dollars. FMC said about 175 million dollars of its adjusted EBITDA hit came from pricing adjustments on higher-priced pesticide stock still sitting in distributor warehouses in Brazil, the United States, Canada and Argentina, on top of a separate 500 million dollar impact tied to a changed North American pricing and rebate model. The company said the Brazil-related adjustments apply only to inventory already held by channel customers and do not change FMC’s current selling prices. Latin American sales fell to 264 million dollars from 463 million dollars a year earlier.
Other large suppliers reported similar, if less severe, pressure in their own quarterly disclosures.
Syngenta Group said Brazilian pesticide sales fell 6 percent and sales across the rest of Latin America fell 14 percent in the January to September period, attributing the decline to price pressure on off-patent products. ADAMA reported a 115 million dollar net loss for the quarter on revenue of 897 million dollars, down 4 percent, and said Brazilian sales weakness reflected price pressure, farmers’ liquidity constraints and competition from off-patent pesticides. BASF’s Agricultural Solutions division posted a 19.7 percent sales decline to about 1.57 billion dollars, split between a 17.3 percent volume drop and a 4.8 percent price drop, which the company linked partly to sales pulled forward into the second quarter in South America, Africa and the Middle East. UPL said its pesticide division revenue and EBITDA fell 8 percent and 14 percent respectively in the quarter ended September 2026, citing weather disruptions and postponed sales in Brazil and other Latin American markets. Bayer was the exception on headline sales, with Crop Science revenue in Latin America rising 11.3 percent to about 2.39 billion dollars, though the company said its global fungicide sales fell 8.6 percent on an adjusted basis, partly because of generic competition in the region.
Pesticide division revenue (quarter to Sept. 2026)
-8%
Weather disruptions, postponed sales
Bayer
Global fungicide sales (adjusted)
-8.6%
Generic competition in Latin America
Trade group CropLife Brasil, cited alongside the earnings disclosures, said the area planted with uncertified soybean and cotton seed has grown 210 percent between the 2021-22 and 2025-26 seasons. Uncertified soybean seed, whether home-saved or counterfeit, now covers 9.6 million hectares, about 20 percent of the country’s soybean area. The group also reported that Brazil’s bioinput revenue fell 21.5 percent to 107 million reais in the first half of 2026, even as the area treated with inoculants grew 38.6 percent to 9.4 million hectares, and that 61 new bioinputs were registered in the first nine months of 2026, 44 of them microbiological agents.
New Registrations Continue Despite the Downturn
Brazilian regulators kept processing new pesticide filings through the price slump. The Ministry of Agriculture and Livestock published Ato No. 68 on October 28, authorizing 78 pesticide registrations including technical equivalents, and Ato No. 69 on November 4, covering 14 registration requests that include microbiological fungicides, insecticides and nematicides, along with one pheromone-based product. Separately, the national health regulator Anvisa approved, under court order, toxicological evaluations for tembotrione (marketed as Rainbow) and for a fluroxypyr-meptyl and picloram isooctyl combination (marketed as CHDS), in resolutions dated October 28 and published November 3.
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