IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Seeds and traits


11:49 AM MST | January 14, 2008 | Michelle Bryner

Global demand for agricultural products including genetically modified (GM) seeds, fertilizers, and crop protection chemicals will remain strong this year, says Kevin McCarthy, analyst at Bank of America (New York). Growth drivers include global demographic trends, rising energy demand, U.S. fiscal policy, a weak U.S. dollar, and cost inflation, McCarthy says. GM seeds will account for about 317 million acres this year, up 13% compared to 2007. The largest opportunity for growth will be in Brazil, which aims to export the soybeans to Asia. Acres of planted corn...

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