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National & World Ag News Headlines |
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Syngenta Reports Stronger Quarterly Sales
USAgNet - 04/25/2017
Group sales of $3.7 billion were 1 percent lower compared with the first quarter of 2016. Volumes were stable and pricing slightly lower. The more favorable currency trend which began in the second half of 2016 continued, with the Russian Ruble and the
Brazilian Real strengthening against the dollar.
Sales in Europe, Africa and the Middle East were unchanged despite a late start to the season in Northern and Central Europe, due to cold weather.
This was offset by an excellent performance in South East Europe and ongoing growth in the CIS, as well as by solid growth in France due to the highly successful launch of ELATUS PLUS at the end of 2016.
In North America, a decline in Seeds sales was largely due to a timing difference in the receipt of trait royalties. Crop Protection sales showed robust growth driven by the ongoing success of TRIVAPRO, based on SOLATENOL.
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