No doubt you have heard about the tight global supply position for Glyphosate raw materials and seen the subsequent effects on formulated product supply and pricing in Australia . This situation is likely to continue for the foreseeable future as existing global production capacity struggles to keep up with continued strong demand for Glyphosate in many markets around the world.

The global Glyphosate supply position has deteriorated further over the last six weeks. Globe is now in a significant backorder situation in Australia as the Agricultural Industry gears up for the large volume summer and autumn fallow markets. Our suppliers are unable to confirm delivery times or the price of Globe's shipments of finished material over the next six months.

I offer my apologies in advance for the inconvenience this situation could cause and trust you will appreciate these pressures are out of Globe's control and we will continue to do our utmost to meet customer needs and expectations.

Yours Faithfully