DuPont to Grow Seeds Sales; Reaffirms Outlook

DuPont says its agriculture business is on track to reverse a decade-long decline of its North American seeds market share. The company says that full-year 2007 sales from its agriculture and nutrition businesses are expected to rise by about 10%, led by seeds revenue growth of about 15%. DuPont expects double-digit growth in its Pioneer Hi-Bred seeds business in 2008, and mid-single-digit revenue growth in crop protection chemicals, says J. Erik Fyrwald, group v.p./agriculture & nutrition at DuPont. “The growth fundamentals in seed markets around the...

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