Markets :: Fine Chemicals/Biotech :: Seeds and traits
Monsanto Expects to Grow 2008 Corn Seeds Profits 25%
2:05 PM MDT | August 18, 2008 | Chemical Week Editorial Staff
Monsanto says it expects gross profit for its corn seeds business to grow by 25% this year, and by another 25%-30% in 2009, amid strong demand. Monsanto attributes the anticipated double-digit 2009 increase to growers’ increasing demand for its “high-yielding” corn hybrids, which will allow it to increase triple-stack traits prices next year. The price increase will vary by region with an average regional increase of about 33% from 2008 prices. However, soybean gross profits are expected to rise 15% this year, but only 5% in 2009 due to an...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee