For the first of its fiscal year, the Syngenta Group reports earnings of $2.2 billion. That compares to earnings before interest, taxes and depreciation of $2 billion one year ago. Sales increased two percent, topping $12 billion. North American sales in the crop protection business were up four percent. The seeds business saw North American sales increase 13 percent. Seed sales were supported by a recovery in corn and soybean acres after the flooding and wet conditions in 2019. The crop protection division was held back by the cold, wet weather in the second quarter. Syngenta has been owned by ChemChina since 2017.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.