Friday, January 05, 2018

Monsanto predicts strong year, with more soybeans and pesticide

São Paulo – the seed company Monsanto and agrochemicals provides a strong year, aided by higher prices of an important chemical used in pesticides and better global demand for soybeans.
The company, in the process of acquisition by the German Bayer, said that the price of glyphosate, main ingredient of your best-selling herbicide "Roundup", should come up in 2018.
Monsanto reported that your agricultural unit sales-your second biggest in revenue-increased 11%, helped mainly by the price of glyphosate. Soybean seed sales rose 21,3%, to 728 million dollars, bringing total net revenue marginally company to 2.66 billion dollars in the first quarter.
Monsanto is betting on new varieties of seeds to dominate the production of soybeans in the United States, the world's second largest exporter of soybean.
Monsanto's net income rose to $169 million, or 38 cents per share, in the first quarter, ended Nov. 30, compared to $29 million, or 7 cents per share, in the same time the previous year.
The company recorded in the last quarter a non-recurring gain from the sale of assets.
Exame – 04/01/2018
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