Huatai Securities: Glyphosate may be at a bottom reversal

Huatai Securities research report stated that, according to Baisichuanyinfu, on July 16, 2025, the price of glyphosate was 25,901 yuan/ton, an increase of 9% compared to the previous month, mainly due to strong demand in South America and other regions during the peak season, combined with some companies halting production for maintenance, and the strong willingness of companies to raise prices near the breakeven point with low industry inventory. In the medium term, the planting area at home and abroad continues to increase, herbicides such as paraquat gradually exit the market, combined with the catalysis of the "anti-insulation" policy and the enhancement of safety and environmental protection enforcement, the domestic supply side may be reduced, overseas may also face supply reduction, glyphosate may welcome a bottom reversal, and leading domestic companies are expected to benefit.