Core Viewpoint - The approval of three glyphosate products by the U.S. Environmental Protection Agency is expected to increase demand for glyphosate, particularly in the cultivation of herbicide-resistant cotton and soybeans [1] Industry Summary - Glyphosate is primarily used in the U.S., Brazil, and Argentina for herbicide-resistant genetically modified seeds [1] - The production capacity of glyphosate is concentrated in China, with a high industry concentration and certain difficulties in expanding production [1] - Currently, glyphosate prices are at a near seven-year low, but demand is anticipated to recover gradually due to the U.S. approval, increased planting areas in Brazil, and overseas inventory replenishment [1]