Counterfeit agricultural products pose threats to profits and safety
Story Date: 11/14/2018

 

Source: THRIVE, Winter 2018

Rarely, if ever, do growers in North America consider the possibility that a pesticide or seed they just purchased is a cheap knockoff or a counterfeit product. But in some parts of the world, illegal pesticides make up a significant market share.  “We have external data that indicate the problem exists on a very significant scale,” says Marcel Raecker, product security specialist for Syngenta. “Third-party estimates indicate the global average for illegal products in the market range from 5 percent to 10 percent. In very high-risk markets, illegal products may even peak at 25 percent. These figures include all kinds of regulatory or intellectual property (IP) infringements, not just full-scale copies of Syngenta or legal competitor products.” 

For more of this story, click here.

























   Copyright © 2007 North Carolina Agribusiness Council, Inc. All Rights Reserved.
   All use of this Website is subject to our
Terms of Use Agreement and our Privacy Policy.