Monsanto reported that net earnings climbed 107% to US $1.1 billion thanks to its strong corn business, among other reasons. Sales increased by 45% to US $3.8 billion during the past quarter.
Syngenta, likewise, has had a sales boost during the first quarter. The company reported that, adjusted for exchange rate effects, turnover had increased by 20%. All business divisions had contributed towards the increase. Experts are expecting the upswing to continue for a long time due to strong demand and high prices.
Written by
Senior Online Editor, CropLife
Matt Hopkins is Senior Multi-Media Specialist for the Agribusiness Group at Meister Media Worldwide (MMW), including such brands as CropLife, CropLife IRON, AgriBusiness Global, Global Agtech Initiative, and Cotton Grower. He is responsible for managing an array of digital products, including newsletters, websites, video, and social media. Hopkins originally joined MMW in 1994 as an editor for Greenhouse Grower magazine before transitioning to Business Manager of its MeisterPro division. He has a Communications Degree from Cleveland State University.
